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Construction firm begins sale of IPO shares today at B4.20.
Byline: Ploy Chitsomboon
Dec. 7--Ascon Construction will float 50 million shares in an initial public offering priced at 4.20 baht from today through Friday, with a listing on the Stock Exchange of Thailand scheduled for Dec 21.
The construction firm yesterday appointed Bualuang Securities as the adviser, with co-underwriters Asia Plus Securities, DBS Vickers, Tisco Securities, Thanachart Securities, SCB Securities, Syrus Securities and Trinity Securities.
The IPO, expected to raise 210 million baht, will help finance business expansion and new machinery procurement.
Chief executive Pattanapong Tanumathaya said Ascon had a backlog of ...
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Source: HighBeam Research, Construction firm begins sale of IPO shares today at B4.20.