BANGKOK, June 9 Thai telecoms group True Corp
is to offer an 18 percent stake to China Mobile
via a private placement as part of its plans to
take on a foreign partner to help with regional expansion, a
source with knowlegde of the deal said on Monday.
True Corp, majority-owned by billionaire Dhanin
Chearavanont's Charoen Pokphand Group, also plans to offer new
shares via a rights issue on the basis of seven new shares for
10 existing shares, the source, who declined to be named, told
The plans are subject to board approval, the source said.
True shares were suspended earlier on Monday pending an
(Reporting by Khettiya Jittapong and Manunphattr Dhanananphorn;
Editing by Alan Raybould)