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Thailand-Based Furniture Maker Poised to Expand Operations.
Byline: Nuntawun Polkuamdee
Feb. 8--Fancy Wood Industries Plc has announced plans to issue 19 million new shares to raise funds for expansion.
Shares will be offered on Monday and Tuesday at 45 baht each, with a par value of five baht per share.
The offer price represents a price-earnings ratio of 6.63 times. Shares of the company closed unchanged yesterday on the Stock Exchange of Thailand at 51.50 baht.
Advising the offering is IFCT Advisory, with ABN Amro Asia Securities serving as lead underwriter, with 12 other co-underwriters.
Prathip Yongvanich, president of ABN Amro Asia Securities, said the new shares had already been ...
- Thailand-Based Furniture Maker Poised to Expand Operations.
- Newspaper article from: Knight Ridder/Tribune Business News February 8, 2003 700+ words
...Advising the offering is IFCT Advisory, with ABN Amro Asia...Vichai Tanpatanarat, Fancy Wood's president, said...the year before. Fancy Wood directors last month...vice-president of IFCT Advisory, said Fancy Wood was a good fundamental...
- THAI NEWSPAPER HIGHLIGHTS - FEB 19, 2003.
- News wire article from: AsiaPulse News February 19, 2003 700+ words
...million baht, more than double last year's figure. - B855m Fancy Wood Industries Plc has raised 855 million baht from an offering...new shares, according to Prasert Patradilok, director of IFCT Advisory, a financial adviser to the deal. - Hundreds of investors...
- Thai Brokerage Firms Plan Merger.
- Newspaper article from: Knight Ridder/Tribune Business News March 2, 2002 700+ words
...Corporate Services Co will assess the books values, while IFCT Advisory Co will be the financial adviser for the merger. Allen...is the legal adviser. A source at Trinity Securities said IFCT Advisory was scheduled to draft a new shareholding structure for the...
- Worries Weigh on This Month's IPOs in Thailand.
- Newspaper article from: Knight Ridder/Tribune Business News December 19, 2002 700+ words
...investment prospects. Prasert Patradhilok, a director at IFCT Advisory Co, said the IPO price for Trinity was appropriate given...market sentiment had affected share trade, he acknowledged. IFCT Advisory was an adviser to Trinity for the IPO. Montree Sornpaisarn...
- Bangkok Post, Thailand, Company Reports Column.
- Newspaper article from: Knight Ridder/Tribune Business News February 11, 2003 700+ words
...98bn bt from 800m for a debt-equity swap under the rehabilitation plan. --Siam Pulp and Paper said it had appointed IFCT Advisory Co as an independent financial adviser to prepare an opinion regarding the delisting and tender offer of its shares, which...
- Unit of Thai Central Bank to Replace Blanket Guarantee with Limited Coverage.
- Newspaper article from: Knight Ridder/Tribune Business News July 29, 2002 700+ words
...market discipline on institutions themselves, hopefully leading to stronger banks. Teera Ashakul, executive chairman of IFCT Advisory Co, agreed that the current full deposit guarantee has created moral hazard. "Banks are under no pressure to develop their...
- Tighter Thai Rules Will Affect Firms Eyeing Takeovers, Acquisitions.
- Newspaper article from: Knight Ridder/Tribune Business News November 27, 2002 700+ words
...existing rule requires a tender offer only in some hostile cases," Mr Krisana said. Prasert Patradhilok, a director of IFCT Advisory Co, agreed with Mr Krisana, adding that takeovers and acquisitions would be seen rarely in the future because of the difficulty...
- Thai Securities Firm Kim Eng Targets December for Stock Exchange Listing.
- Newspaper article from: Knight Ridder/Tribune Business News October 30, 2003 700+ words
...mention the potential tax benefits involved as well." A final price for the offering will be set through bookbuilding. IFCT Advisory has been named financial adviser for the listing, with Trinity Securities, Globex Securities and Syrus Securities as lead...
Source: HighBeam Research, Thailand-Based Furniture Maker Poised to Expand Operations.