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TPIPL shares going online in one auction.
Jul. 1--Thai Petrochemical Industry Plc (TPI) will hold an electronic auction for the 249 million shares it holds in TPI Polene Plc, the country's third largest cement producer, on Aug 9.
The sale of the 31 percent stake in the cement company is a part of TPI's debt restructuring plan, aimed at raising up to $250 million for debt repayments.
Suwit Nivartvong, a member of the TPI rehabilitation planning team, said all of the shares would be auctioned in one lot. Interested investors can obtain bidding documents until Aug 8 and must submit formal letters of intent to bid from Aug 5-8.
Kim Eng Securities is the financial adviser for the auction.
...- TPI Polene issue faces delay by SEC.
- News wire article from: Asia Africa Intelligence Wire March 11, 2003 700+ words
(From Bangkok Post) Byline: Nuntawun Polkuamdee TPI Polene's plan to raise US$180...made. ``We have directed TPI Polene to clarify this information...earlier reports attributed to TPI Polene stated that the recapitalisation...
- Thailand: TPI to sell stake in TPI Polene in July.
- News wire article from: Asia Africa Intelligence Wire June 13, 2005 700+ words
...rehabilitation of Thai Petrochemical Industry expect to complete the sale of company holdings in cement producer TPI Polene by next month, the Bangkok Post reports. Siri Jirapongpant, a member of the planning team appointed by the Finance Ministry, said...
- TPI Polene share issue to raise $180m.
- News wire article from: Asia Africa Intelligence Wire February 21, 2003 700+ words
(From Bangkok Post) TPI Polene Plc will offer new shares at 17...or $115 million in total. A TPI Polene source said the cement company...28. According to the company, TPI Polene's book value is 25 baht per share...
- TPI Polene plans new bid to raise $180m.
- News wire article from: Asia Africa Intelligence Wire October 1, 2003 700+ words
(From Bangkok Post) TPI Polene Plc has appointed Tisco Securities...debt-restructuring agreement, TPI Polene was to raise between $180 million...director of Tisco Securities, said TPI Polene's business performance had improved...
- TPI Polene halts share offer.
- News wire article from: Asia Africa Intelligence Wire November 27, 2003 700+ words
(From Bangkok Post) Cement producer TPI Polene Plc has indefinitely postponed...shares on Monday and Tuesday. TPI Polene was seeking to issue 300 million...director of Tisco Securities. TPI Polene had been scheduled to sign contracts...
- TPI Polene expects B5bn profit.
- News wire article from: Asia Africa Intelligence Wire February 1, 2003 700+ words
(From Bangkok Post) Byline: Busrin Treerapongpichit TPI Polene Plc, the country's third...agreement. As a result, TPI Polene's net profit this year was...five billion baht, he said. TPI Polene is in the process of raising...
- Outlook bright for TPI Polene.
- News wire article from: Asia Africa Intelligence Wire September 27, 2003 700+ words
(From Bangkok Post) Byline: Post reporters TPI Polene (TPIPL), the country's third largest cement producer, is upbeat about its business prospects for the rest of the year, citing...
- TPI Polene bullish of Q4 public offering.
- News wire article from: Asia Africa Intelligence Wire October 15, 2003 700+ words
(From Bangkok Post) TPI Polene (TPIPL), Thailand's third-largest cement maker, is upbeat about its planned US$180-million public offering in the last...
- Thailand Cement Maker TPI Polene Seeks Debt, Interest Write-Off.
- Newspaper article from: Knight Ridder/Tribune Business News April 27, 2004 700+ words
...Treerapongpichit, Bangkok Post, Thailand Knight...News Apr. 27--TPI Polene Plc has proposed...reduction proposal. TPI Polene is in the process...and write-off. TPI Polene has submitted its...see more of the Bangkok Post, or to subscribe...
- Thailand's TPI Polene Hints at Bond Issue to Follow Share Offering.
- Newspaper article from: Knight Ridder/Tribune Business News January 13, 2004 700+ words
...Treerapongpichit, Bangkok Post, Thailand Knight...News Jan. 13--TPI Polene Plc plans to issue...been pushing for TPI Polene to sell off a 75...million," he said. TPI Polene shares have been...see more of the Bangkok Post, or to subscribe...
Source: HighBeam Research, TPIPL shares going online in one auction.