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TSFC viewed as profitable on capital raising approval

TSFC Securities Plc is preparing a return to the market once again as shareholders give it a green light for capital raising.

TSFC’s financial advisor Kin Eng Securities said Friday its client has begun recording a profit margin in line with the market rebound in the recent months.

TSFC has successfully written down liabilities to currently 2.1 billion baht from 3.0 billion baht with a healthily liquidity of 1.5 billion baht for operations.

Montri Sornpaisal, president at Kim Eng, said FTSC is expected to return to business this July after a major capital raising from shareholders to the old level of 1.0 billion baht.

The securities company was forced to write down its registered capital to 62.5 million baht in the company’s restructuring plan.

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