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Thailand Cement Producer Bullish on Second Public Offering.
Byline: Busrin Treerapongpichit
Oct. 2--A "greenshoe" option of up to 15 percent of total new shares might be offered to investors if TPI Polene Plc's second public offering is oversubscribed, according a company executive.
Prasert Ittimakin, senior vice-president of finance and accounting, said TPI Polene had discussed with Tisco Securities the possibility of the option and the financial adviser had agreed to put it up if investors' response was overwhelming.
TPI Polene is making a fresh attempt to raise US$180 million through a public share offering by year-end.
It will be the second attempt by the country's third-largest cement ...
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