Singha Estate's hospitality arm plans IPO
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S Hotels and Resorts Public Company Limited (SHR), the hospitality arm of SET-listed Singha Estate Public Company Limited, plans to offer an Initial Public Offering (IPO) of not exceeding 1,437,456,000 shares at a price range of Bt5.10-5.50 per share.
Pre-emptive right shares will be allocated on October 28-30, 2019 while shares for the public will be offered between November 1-5 through the networks of Krung Thai Bank and CIMB Thai Bank.
Proceeds from the IPO will be used for business expansion and investments in domestic and overseas markets.
Part of the fund raised will go towards loan repayments and as working capital for project developments.
