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Thailand property developer plans IPO this year.
Byline: Kanana Katharangsiporn
Jul. 1--Property developer Prinsiri Plc plans to issue 134 million shares by the end of this year and increase its paid-up capital to 670 million baht from 515 million baht, according to CEO Sriluck Kovitchindachai.
Of the total issue, 103 million shares will be offered through a private placement and the remaining 31 million shares will be sold at five baht apiece in an initial public offering after listing on the Stock Exchange of Thailand. Intel Vision Securities has been appointed as a financial adviser and the lead underwriter for the IPO.
The company is currently filing to the Securities and Exchange ...
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Source: HighBeam Research, Thailand property developer plans IPO this year.