By Andrew Batt:
Ananda Development PLC is hoping to raise more than THB6 billion from its planned listing on the Stock Exchange of Thailand next month.
The Initial Public Offering (IPO) will be the second largest this year and the first for the property sector for more than three years.
Chanond Ruangkritya, President and CEO of Ananda Development (pictured centre) and his management team joined Pichet Sithi-Amnuai, President of Bualuang Securities (3rd from right) at a recent press conference. Bualuang Securities is its financial adviser.
The company is expected to float 1.33 billion shares with par value of 10 satang – roughly 35 – 40 percent of the company’s total shares.
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
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