TPIPL places new shares

TPIPL places new shares
17 August 2006


TPI Polene Plc has successfully sold capital-raising shares to existing shareholders, according to Prachai Leophairatana, the company’s chief executive. The company offered 807.5 million shares to existing holders from Aug 7-11 at 10 baht each in a ratio of one existing share to one new share. The shares were fully subscribed, said Mr Prachai. The private placement is a part of a plan by the country’s third-largest cement maker to raise at least 16 billion baht. TPIPL shares closed yesterday on the SET at 10.60 baht, unchanged, in trade worth 215.44 million baht.
Published under Cement News