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Byline: Ploy Chitsomboon
Nov. 2--Bangkok Chain Hospital, the operator of six Kasemrad Hospital branches, has set its initial public offering price at 3.80 baht per share.
The company is offering 330 million shares today and tomorrow, comprising 240 million new shares, 40 million existing ones from major shareholder Land & Houses Plc and 50 million from Chalerm Hanpanich, CEO of Bangkok Chain Hospital.
The shares are expected to begin trading on the Stock Exchange of Thailand on Nov 10 under the symbol KH.
The 60 percent allotment of the IPO to institutional investors has been 10 times oversubscribed, underwriters said.
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Source: HighBeam Research, Bangkok, Thailand, Chain Hospital IPO price is 3.80 baht.