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Byline: Busrin Treerapongpichit
Oct. 1--The initial public offering price of shares in Aapico Hitech Co will be 25 to 28 baht each when subscriptions are taken on Monday and Tuesday next week.
The price, which will be settled by Friday, would be based on a price-to-earnings ratio of seven times and earnings per share of 3.6 to 6.7 baht, said Kamthorn Sila-on, the vice-president of Asset Plus Securities, the financial adviser to the major automotive parts maker.
Yeap Swee Chuan, Aapico's managing director, said the company planned to increase its registered capital by 50 million baht to 210 million by issuing 10 million new shares, equivalent to ...
Source: HighBeam Research, Thai-Malaysian Joint Venture Will Be Listed on Thai Stock Exchange...