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Subway operator still expects to float shares by year.
Byline: Charoen Kittikanya
Sep. 10--The subway operator Bangkok Metro Plc (BMCL) still expects to be able to offer shares to the public by the end of the year, despite a delay of original plans to list on the stock exchange this month.
"Our initial public offering is unlikely this month, as the Securities and Exchange Commission has asked for a bit more information on the filing, particularly relating to protection of small shareholders, and how the company will utilise proceeds of the offering," said Dr Sombat Kitjalaksana, BMCL managing director.
"If the regulators start to reconsider the company's filing in early October, the IPO is likely to ...
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- Newspaper article from: Knight Ridder/Tribune Business News December 16, 2003 700+ words
...Dec. 16--Developer Natural Park Plc (N-Park) has acquired...Bangkok Metro Co Ltd (BMCL) for 2.51 billion baht...s subway operator. Natural Park agreed to purchase 16.79 million shares in BMCL at 150 baht each from...
Source: HighBeam Research, Subway operator still expects to float shares by year.