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Sicco Securities set for listing.
(From Bangkok Post)
Byline: Nuntawun Polkuamdee
Brokerage firm Sicco Securities Plc plans to be listed on the Stock Exchange of Thailand by mid-September, with an initial public offering of 13 million new shares with a par value of five baht.
Subscription would be Sept 3 to 5, said company president Siripong Sutharoj, with shares priced at 20 baht each.
The company, with the symbol Sicsec, is 80% owned by Siam Industrial Credit Plc (Sicco), which is 47% owned by the Siam Commercial Bank.
After the IPO, Sicco's stake in Sicsec will be diluted to 63%. Paid-up capital will increase to 315 million baht from 250 million baht.
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