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City Steel plans to mobilise B270m from listing to be used for expansion.
Byline: Yuthana Praiwan
Feb. 2--City Steel Co plans to float 90 million shares in its initial public offering to raise between 252 million and 270 million baht through the Stock Exchange of Thailand to expand its business.
The manufacturer of steel shelves, pallets, ladders and lockers has a registered capital of 300 million baht, of which 210 million baht is the paid-up capital.
Chief executive Komgrich Phongratanadechachai said 96 million baht of the funds raised from the IPO would be used to build a new office and factory, and 100 million baht to buy machinery to increase the capacity of the company's steel products to 25,000 tonnes per year ...
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Source: HighBeam Research, City Steel plans to mobilise B270m from listing to be used for...