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Major Cineplex Group to Join Stock Exchange of Thailand.
Byline: Krissana Parnsoonthorn
Feb. 6--Major Cineplex Group Plc, the country's second-largest cinema chain, plans to list on the Stock Exchange of Thailand by mid-year.
The company would float 20 million new shares at five baht par value, raising its paid-up capital by 100 million baht to 587 million, according to Wicha Poolvoraluck, the president of Major Cineplex.
Pricing for the initial public offering is expected to be set in May. Funds would be used to finance expansion of cinema outlets to meet fast-rising demand for more movies, Mr Wicha said.
A total of 190 new movies, both Thai and foreign, were shown locally last year, he ...
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Source: HighBeam Research, Major Cineplex Group to Join Stock Exchange of Thailand.