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Oct. 4--Egat Plc has reiterated its intention to hold its initial public offering (IPO) within this year, dismissing a recommendation of its foreign financial advisers to postpone the offering to next year.
"Both Egat and the advisers' resolve to launch the IPO in November remains unchanged. Only the exact date for the share debut has not yet been specified," said Pichai Chulpongstorn, the chief administration officer of the state power utility.
However, Egat did postpone the date for share subscriptions by its employees, scheduled for yesterday and today, to a time closer to the public launch. Executives said holding subscriptions too early would leave ...