Business Services Industry
Thai Firm to Use Capital Increase Funds to Finance Future Development.
Knight Ridder/Tribune Business News, July, 2002
By Krissana Parnsoonthorn, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Jul. 9--Listed developer Sansiri Plc plans to utilise 70 percent of the fresh funds raised from its capital increase to buy unfinished projects and land plots for future development by the end of the third quarter this year.
"We're looking to acquire potential assets and land plots from private owners, not banks. We hope we can clinch major deals and spend 70 percent of the new funds by the end of September," president Srettha Thavisin said.
The company's capital increase plan, which is pending approval at an extraordinary shareholders' meeting on Aug 7, will mobilise 2.6 billion baht.
Sansiri will issue 587 million shares at 4.41 baht each to Step...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
