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Byline: Bamrung Amnatcharoenrit
Mar. 3--Entertainment group Mangpong Plc will float 55 million shares by next month in an initial public offering to raise more than 500 million baht to finance business expansion.
The company has yet to come up with the IPO price for its one-baht-par shares.
Of the total funds to be raised, 180 million baht will be used to buy copyrighted films, mostly foreign ones, to be released this year and next; 120 million baht to expand and renovate Mangpong retail outlets; 200 million baht to repay debts and the balance as cash flow.
National Finance and Securities is the adviser for the listing.
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