TOA Paint (Thailand) gears up for flotation
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TOA Paint (Thailand) plans to offer shares in an initial public offering (IPO) priced at between Bt22 and Bt24 each, with booking open from September 27-29.
The company plans to spend the funds from IPO on business expansion in Thailand and overseas, especially in Asean countries with a plan to open three plants in Indonesia, Cambodia and Myanmar, the company’s chief executive officer Jatuphat Tangkaravakoon said after the signing of an agreement on the appointment of its underwriter on Thursday.
