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NEP Realty in Thailand Asked to Clarify Unit's Move.
Byline: Nuntawun Polkuamdee
Nov. 1--NEP Realty and Industrial Product has been directed by the Stock Exchange of Thailand to clarify a capital increase transaction of subsidiary Navanakorn.
Navanakorn, a property firm scheduled to be listed on the exchange in the next several months, placed six million shares recently in a private placement to 30 people at 10 baht per share.
The SET said that the private placement was priced below Navanakorn's book value as of June 30 as well as under its estimated market price.
The exchange directed NEP to clarify the criteria and conditions used for allocating the shares to the 30 investors, their ...
- NEP Realty in Thailand Asked to Clarify Unit's Move.
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Source: HighBeam Research, NEP Realty in Thailand Asked to Clarify Unit's Move.