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Concrete-product maker's distribution unit to join Thai stock exchange in 2005.

Bangkok Post (Bangkok, Thailand)

| September 07, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Busrin Treerapongpichit

Sep. 7--Chonburi Kan Yong, a construction materials and hardware distributor wholly owned by listed Chonburi Concrete Product Plc (CCP), plans to float shares on the Stock Exchange of Thailand to raise funds in the third quarter of next year to finance its business expansion and partly refinance its existing debt, according to CCP's chairman Pratheep Theepakornsukkasem.

The company hoped to raise 400-500 million baht in its initial public offering (IPO) which was being studied by Syrus Securities, its financial adviser.

Chonburi Kan Yong plans to expand aggressively its Kan Yong home store chain, the retail ...

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Source: HighBeam Research, Concrete-product maker's distribution unit to join Thai stock...