Mr. Satit Viddayakorn, a Thai businessman, has raised THB11.9 billion through the sale of 66.8 million shares of Bumrungrad Hospital Public Company Limited (SET: BH) at the bottom of a THB178–Bt181 marketing range, according to the report of IFR.
The sale represented 8.4% of BH total paid-up stocks, and was made at an 8% discount to the pre-deal close of THB193.50 per share as of the closing on August 17, 2022.
The share price of BH plunged 5.94% to THB182.00 per share in the morning session on Thursday.
Prior to this transaction, Mr. Satit Viddayakorn was a major shareholder of BH by holding a 17.64% stake in the company.
Mr. Satit Viddayakorn had sold a 9% shareholding stake in BH in May 2022