Business Services Industry
Thai plastics firm to float shares on Market for Alternative Investment.
Knight Ridder/Tribune Business News, November, 2004
By Ploy Chitsomboon, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Nov. 20--Plastics producer Tapaco Plc will offer 4.5 million shares in an initial public offering priced at 12.5 baht per share from Nov 24-25.
The company expects to list on the Market for Alternative Investment on Dec 2. The share issue includes four million new shares and 500,000 existing shares currently held by Japan Asia Investment.
Paid-up capital of the company now stands at 72 million baht, with registered capital of 92 million. Par value is five baht per share.
Taiji Ninomiya, chairman of Tapaco Plc, said revenue of 2005 was expected to rise by at least 20 percent from this year.
The company currently projects 2004 profits of 23...
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