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Thai Olefins IPO to Raise 4.5 Billion Baht.
Byline: Yuthana Praiwan
Sep. 4--Thai Olefins Co (TOC) hopes to raise up to 4.5 billion baht fund through an initial public offering next month, president Adithep Bisalbutr said yesterday.
As well, another 10 billion baht raised from issuing debentures would be used to refinance a 10-billion-baht debt carrying interest rates of 6-7 percent. The debt repayment is due in 2009.
Mr Adithep said the exact number of shares to be offered and listed had not yet been determined but the company planned to raise its registered capital to 10.35 billion baht from 5.85 billion. The par value of the shares is 10 baht each.
Previously, the company's ...
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