TPIPL places new shares

TPIPL places new shares
Published: 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.