Thoresen Thai Agencies has been knocked back in its attempt to raise funds through a bond issue.
The Bangkok-based bulker owner did, however, manage to push through a plan to raise its share capital by 50 million shares although this was far below the number it had been looking for.
Almost a quarter of 770 shareholders represented at an AGM in the Thai city on Wednesday kyboshed the owner’s planned issue and offering of convertible bonds.
