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Shares of Thai Electronic Goods Manufacturer Draw Big Demand.
Byline: Nuntawun Polkuamdee
Jul. 5--Mida Assets, a leader in leasing of electrical and electronic goods and motorcycles, is expected to attract huge interest once it lists on the Stock Exchange of Thailand later this month.
Underwriters say shares have already been oversubscribed by up to 12 times. They are expected to begin trade in the electronics sector starting on July 17.
The company will offer 100 million shares at 10 baht each on Monday and Tuesday, with another 20 million reserved for employees. The 120 million new shares represent 23 percent of the company's enlarged capital base.
Hundreds of people yesterday lined up for the chance to receive early subscriptions at an investors' briefing by Mida at the Stock Exchange of Thailand.
The company offered the chance to subscribe to 1,000 shares for the first 200 people attending the briefing.
Some investors queued as early as 4 am to pick up subscription papers. By 7:30 am, all of the forms were distributed.
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