Biotech prepares share selloff
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DOD Biotech PLC, a dietary supplements manufacturer, is issuing 110 million additional ordinary shares with a par value of Bt0.5 and the proceeds were due to be invested in a raw material extract plant and an international-standard lab. The shares are due to be listed within the next few months.
Supamas Isarabhakdi, managing director of DOD, said consumers could be confident with the standard and safety of the products.
Supamas said the capital raised would partly be used for investment in a raw material extract plant to develop components for dietary supplement manufacturing.
