Country Group Securities PCL (CGS) said that starting October 21, the company had initiated its tender offer to allow its shareholders to swap CGS shares for CGH shares under the company’s restructuring plan to set up a holding company. It has been receiving good feedback from shareholders who came to swap their CGS shares for CGH shares. The deadline for the share swap is on December 25, 2015.

“Once CGH’s tender offer is completed, CGH’s shareholders will have received free warrants at the ratio of 3 CGH shares to 1 warrant share. The warrant conversion price is 1.80 baht per CGH share. CGH shares will be listed on SET at the beginning of 2015”.

Country Group Securities PCL said that after the success of the restructuring, its shareholders who swapped CGS shares with CGH shares will receive the most benefits. They will receive free warrants, yet still maintain their shares’ trading liquidity; CGH’s shares will be listed on the stock exchange, while CGS’s shares will be delisted.

“The delisting of CGS will cause its shareholders who do not swap their shares with CGH shares to lack liquidity and not get an exemption on the capital gain tax (for individual investors)”.

Country Group Securities Plc also stated that its restructuring into a holding company will make its management more flexible, supporting future expansion during times of intense competition, and diversifying its investments to generate sustainable returns for shareholders. Shareholders wishing to swap their CGS shares will simply have to fill in the tender offer form, attach documents, send them to securities brokers (where they have trading accounts), and deposit CGS shares.