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Thai Development Firm Seeks B100m in New Funds.
Byline: Krissana Parnsoonthorn
Nov. 1--Siam Future Development Plc plans to issue 10 million new shares to raise 100 million baht from the public around the end of this month or early next month.
The company will become the first listed developer on the Market for Alternative Investment (MAI). Its initial public offering price was set at 10 baht per share with par value at one baht, said president Somnuk Pojkasemsin.
"Of the total fresh funds, 80 million baht will be used to invest in new retail projects and the remainder for working capital," he said.
The IPO will represent 14.08 percent of the company's paid-up capital, which will ...
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