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Thai Cement Firm's Float Must Raise $180 Million or Be Scrapped.
Byline: Busrin Treerapongpichit
Mar. 13--If TPI Polene's upcoming share offering fails to raise $180 million (7.68 billion baht) in new capital the entire issue will be scrapped with the board retaining the right to distribute the shares through alternative means, according to the firm's prospectus.
TPI Polene will offer at least 460 million shares at 17 baht each from March 19-25.
The cement company yesterday signed agreements with co-lead underwriters Seamico Securities, Kim Eng Securities and United Securities. Other underwriters are BT Securities, Far East Securities, Finansa Securities, Globex Securities, IB Securities, Sicco Securities, ...
- CEMEX Announces Significant Progress Towards Finalizing a Negotiation With...
- Press release article from: Business Wire September 24, 2001 700+ words
...controlling stake in Thailand's TPI Polene subject to several conditions being...administrator, Mr. Prachai Leophairatana TPI Polene's CEO, under the rehabilitation program of Thai cement producer TPI Polene, and would be subject to the approval...
- Thailand's TPI Polene Hints at Bond Issue to Follow Share Offering.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) January 13, 2004 700+ words
...Busrin Treerapongpichit Jan. 13--TPI Polene Plc plans to issue 500 million baht worth...underwriter for the bonds. Earlier, TPI Polene had asked the bank for a refinancing...increase through a public share offering. TPI Polene is to sell 300 million new shares through...
- Acquisition of TPI Polene Would Strengthen Cemex's Position In Asia.
- Newspaper article from: Internet Securities October 16, 2001 700+ words
...majority stake in Thai cement producer TPI Polene would allow Cemex (BMV:CEMEX, NYSE...reported Mexico City daily el Universal. "TPI Polene would allow us to participate in an attractive...said Medina. The possible investment in TPI Polene is consistent with Cemex's goal to...
- TPI Polene auction draws only one bid: Offered price B11.50 below market level.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 23, 2005 700+ words
Sep. 23--Only one bid was accepted yesterday in the auction of a 249-million-share block of TPI Polene, made by a Thai construction company offering just 17 baht per share. The low bid, at 11.50 baht below current market prices...
- TPI Polene Creditors Likely To Approve Acquisition By Cemex.
- Newspaper article from: Internet Securities October 16, 2001 700+ words
MEXICO CITY, Oct 16, 2001 Creditors of the third largest cement producer in Thailand, TPI Polene, will possibly vote in favor of the sale of the company to Mexico's Cemex (BMV:CEMEX, NYSE:CX), said TPI sources. Robert...
- Asset Overhaul Will Tidy Up Books at Thai Petrochemical Industry, TPI Polene.
- Newspaper article from: Knight Ridder/Tribune Business News August 21, 2003 700+ words
...Petrochemical Industry Plc (TPI) and TPI Polene Plc will be restructured to ensure accounting...3.7-billion restructuring plan. TPI Polene, the country's third-largest cement...Central Bankruptcy Court, said TPI and TPI Polene both agreed to restructure their assets...
- Thailand Cement Maker TPI Polene Seeks Debt, Interest Write-Off.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) April 27, 2004 700+ words
...Busrin Treerapongpichit Apr. 27--TPI Polene Plc has proposed that its creditors write...Lersak Kancvalskul, the legal adviser to TPI Polene's creditors' steering committee...Central Bankruptcy Court recently removed TPI Polene from its mediation process after a successful...
- TPI Polene Creditors Demand Evidence of Backup from Thai Bank.
- Newspaper article from: Knight Ridder/Tribune Business News July 31, 2003 700+ words
...Business News Jul. 31--Creditors of TPI Polene Plc have re...uested representatives...Bankruptcy Court yesterday to negotiate TPI Polene's US$1.1-billion recapitalisation...court and creditors to buy back all of TPI Polene's debts for $750 million, or 32 percent...
Source: HighBeam Research, Thai Cement Firm's Float Must Raise $180 Million or Be Scrapped.