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Thai Metal Trade to float 85 million new shares in IPO next year.
Byline: Ploy Chitsomboon
Nov. 5--Thai Metal Trade Plc plans to float 85 million new shares at one baht par value in an initial public offering expected to be priced at over 3.5 baht per share.
Funds will be used to expand production at the company's plant in Ayutthaya and for working capital. The company expects to list on the Stock Exchange of Thailand in the first quarter of 2005, with Seamico Securities lead underwriter and adviser for the listing.
TMT executives said the listing would also give the metal company room to invest in new cutting machines, boosting production capacity by another 190,000 tonnes per year from 280,000 tonnes now.
...
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Source: HighBeam Research, Thai Metal Trade to float 85 million new shares in IPO next year.