THG to sell new shares to raise capital

Thonburi Healthcare Group Plc (THG) is preparing to raise funds to handle its debt as well as increase revenue by selling new shares and enhancing synergy with Ramkhamhaeng Hospital Plc (RAM).

- LAMONPHET APISITNIRAN

The moves are meant to support THG’s stable and sustainable growth, as well as investment expansion in the healthcare business, said chief financial officer Pumipat Chatnoraset.

“THG and RAM agree with the synergy plan to increase opportunities in expanding healthcare service networks and solve financial problems,’ he said.

THG has combined financial institution loans and debentures of roughly 9.6 billion baht.

The debt repayment and financial restructuring would not only improve profitability through lower interest expenses and increased investment capacity, but also significantly strengthen the company’s financial position and liquidity, said Mr Pumipat.