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Thailand Cement Producer's Financial Plan Faces Delay by SEC.
Byline: Nuntawun Polkuamdee
Mar. 11--TPI Polene's plan to raise US$180 million (about 7.65 billion baht) in capital later this month could be delayed by the Securities and Exchange Commission (SEC).
Prasarn Trairatvorakul, the SEC secretary-general, said regulators wanted the cement producer to clarify previous statements regarding its financial position and limestone reserves before any new offering was made.
"We have directed TPI Polene to clarify this information to prevent any misunderstanding among investors," he said.
Dr Prasarn said the SEC sought clarification on two issues -- the impact that recapitalisation would have on its ...
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