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Lens maker focuses on expansion.

Bangkok Post (Bangkok, Thailand)

| February 01, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Ploy Chitsomboon

Feb. 1--The lens maker Thai Optical Group Plc plans to float 68 million shares in an initial public offering in March.

Funds raised from the offering, which was delayed from the last quarter, will finance expansion and debt repayments.

ACAP Advisory is the financial adviser for the listing, with Ayudhya Securities the lead underwriter.

TOG managing director Sawang Pracharktam said the lens-manufacturing industry relied heavily on exports.

"Due to heavy competition from China, we have seen our margins decline somewhat. Our plan is to shift to more value-added products to boost sales," he said.

...

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Source: HighBeam Research, Lens maker focuses on expansion.