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Bangkok, Thailand-Based Jeweller Hopes Listing Will Bring Sparkling Returns.
Byline: Nuntawun Polkuamdee
May 6--Don't tell Aphichart Fufungvanich that Thai companies can't compete in the global arena -- last month the Topaz Group president presided over the listing of his firm on the American Stock Exchange, a first for a local firm.
The Bangkok-based jeweller hopes that the listing will eventually help realise its dream of dominating the United States' market for semi-precious jewellery.
By tapping US capital markets, Topaz plans to soon acquire other jewellery producers to build up its assets.
Listing in the US not only brought exposure, but capital, Mr Aphichart said, particularly when compared to the "very restrictive" financial resources available in Thailand.
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Source: HighBeam Research, Bangkok, Thailand-Based Jeweller Hopes Listing Will Bring Sparkling...