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Thai Property Developer's Shares Sell Out on First Day.

Bangkok Post (Bangkok, Thailand)

| December 04, 2002 | COPYRIGHT 2002 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

Dec. 4--Property developer Charn Issara Development Plc sold all of its 30 million shares at 6.10 baht each in the initial public offering yesterday, the first day of subscriptions, according to managing director Songkran Issara.

The company will use the IPO proceeds of about 190 million baht to develop housing projects, such as its 27-rai Baan Issara Project, worth about 1.2 billion ...

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