Thai Ch Karnchang sets $33 mln rights issue

BANGKOK Dec 1 (Reuters) - Thailand's Ch Karnchang PCL CK.BK, Thailand's second-largest contractor, said on Tuesday it would issue 206.57 million new shares in a right issues to raise 1.1 billion baht ($33.12 million) for working capital and expansion.

The offer price is set at 5.34 baht a share, for one new share for every seven existing shares held, the company said in a statement to a stock exchange.

On Monday, the stock closed at 5.80 baht. ($1= 33.21 Baht) (Reporting by Ploy Ten Kate; Editing by Alan Raybould) ((ploy.tenkate@thomsonreuters.com; +662 648 9735; Reuters Messaging: ploy.tenkate.reuters.com@reuters.net)) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))