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Entertainment Firm with Humble Beginnings to List on Thai Stock Exchange.

Bangkok Post (Bangkok, Thailand)

| January 05, 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

Byline: Bamrung Amnatcharoenrit

Jan. 5--From its humble beginnings as a shophouse selling tape cassettes 25 years ago, Mangpong Plc has come of age as a fully-integrated entertainment concern.

The new year marks a major turning point for the family-owned business, as it embarks on a new future as a publicly-traded company. As part of its initial public offering, it plans to float 55 million shares at 10 baht apiece with par value at one baht before listing on the Stock Exchange of Thailand in February or March.

It hopes to raise at least 500 million baht in fresh funds from the IPO to finance its ambitious growth and business diversification ...

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Source: HighBeam Research, Entertainment Firm with Humble Beginnings to List on Thai Stock...