Business Services Industry
Motorcycle leasing firm's shares in disappointing first day of Thai trading.
Knight Ridder/Tribune Business News, October, 2004
By Ploy Chitsomboon, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Oct. 14--Group Lease Plc (GL) shares disappointed investors yesterday by closing at 11.50 baht, lower than the initial public offering price of 12 baht in their first day of trading on the Stock Exchange of Thailand.
Shares in the motorcycle leasing company, which made their debut on the SET at 12.90 baht, peaked at 13.50 baht before declining. Total turnover was 455.96 million baht.
Of the company's 45-million-share float, 35 million were existing common shares and 10 million were IPO shares.
The total value of the float was 225 million baht, with a par value at five baht per share. Siam City Securities was the financial adviser for the IPO....
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
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express