Ticon to float 15 million shares on stock market.

Ticon Industry Connection Plc will make an initial public offering (IPO) of 15 million shares next month, saying the Securities Exchange Commission (SEC) approved its common shares plus IPO shares to list on the stock market, according to a report in Manager Daily, May 16, 2002.

The IPO shares have a par value of 5 baht each but selling price will be determined later, a source from Ticon, one of the country's largest factory owners and lessors, said.

Besides, investors will receive a subscription warrant for every four IPO shares while existing shareholders will be given a subscription warrant for every four existing shares. Under the company's employee …