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Investors Due for Refunds As Thailand Cement Firm Misses Target.
Byline: Nuntawun Polkuamdee
Apr. 1--TPI Polene's giant 714.7-million-share public offering has failed to reach the minimum threshold of $180 million.
Full refunds would be made to investors by April 8, the country's third largest cement producer said in a statement.
"Obviously we are disappointed that the subscription target has not been reached," said chief executive officer Prachai Leophairatana.
"Support from the general public, both in Bangkok and in the provinces, was quite strong, as was support from our customers. We thank everyone who participated in this issue. The cause of the target not being reached was due to the effects ...
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(From Bangkok Post) TPI Polene (TPIPL), Thailand's third-largest cement maker, is upbeat about its planned US$180-million public offering in the last...
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- Newspaper article from: Knight Ridder/Tribune Business News April 27, 2004 700+ words
...Treerapongpichit, Bangkok Post, Thailand Knight...News Apr. 27--TPI Polene Plc has proposed...reduction proposal. TPI Polene is in the process...and write-off. TPI Polene has submitted its...see more of the Bangkok Post, or to subscribe...
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...Treerapongpichit, Bangkok Post, Thailand Knight...News Jan. 13--TPI Polene Plc plans to issue...been pushing for TPI Polene to sell off a 75...million," he said. TPI Polene shares have been...see more of the Bangkok Post, or to subscribe...
Source: HighBeam Research, Investors Due for Refunds As Thailand Cement Firm Misses Target.