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Parent of Thailand's Spa Advertising Is Set to Float Shares.

Bangkok Post (Bangkok, Thailand)

| June 07, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jun. 7--Future Communications Group (FCG), the holding company of Spa Advertising Co, is finally set to float shares on the Market for Alternative Investment (MAI) in the third quarter of this year after a series of delays.

FCG, which consists of 18 advertising and marketing-related subsidiaries, expects to raise 200 million baht from the listing and intends to use the funds to expand in the region and build up its media and production house services.

Kitti Chambundabongse, the chairman of Spa Advertising, said the move would elevate the group to another level.

"Unlike other listed agencies, we are going in [to the stock market] as a group ...

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