VIH to start trading on May 9
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Srivichai Vejvivat (VIH) will start trading on the Stock Exchange of Thailand on May 9, following the successful initial public offering on April 30 and May 2.
It's the first hospital stock in seven years.VIH operates 3 hospitals in Om Noi, Nong Khaem and Samut Sakhon. It is capitalised at Bt535 million.
Montree Sornpaisarn, CEO of Maybank Kim Eng Securities (Thailand) which is the financial advisor and underwriter of the IPO, said earlier that the shares were oversubscribed. He attributed the oversubscription to investor confidence in the company's business outlook.
Srivichai is a unit of Vichaivej Hospital Group. In the IPO, it sold 135 million shares at Bt1.25 apiece.
