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TPI Polene signs on agreement for US$180 million share sale.
(From fnWeb.com)
fnWEB - Bangkok - March 13, 2003 - Cement maker, TPI Polene Pcl, currently undergoing a US$950 million debt restructuring, says it has signed an agreement with its selling agents to offer additional shares to the public worth at least US$180 million.
TPI Polene plans to offer between 420 million and 750 million shares to the public at a price of 17 baht ($1=THB42.67) a share, the company said in a statement.
TPI Polene says it plans to put the money raised toward repaying its debt and will use any excess funds to ...
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