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Subway plans listing in Q3 to raise B3bn.
Byline: Amornrat Mahitthirook
May 3--Despite continuing pressure of a takeover by the government, Bangkok Metro Co Ltd (BMCL), the operator of the capital's subway train line, plans its initial public offering by the third quarter of this year to raise 3.05 billion baht.
According to Dr Sombat Kitjalaksana, BMCL's managing director, the company's shareholders, who met last Friday, had approved the offering of shares to the public through the Stock Exchange of Thailand, with filings to be lodged with the Securities and Exchange Commission by the end of this month.
Dr Sombat added that the takeover pressure from the government was unlikely to ...
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Source: HighBeam Research, Subway plans listing in Q3 to raise B3bn.