Briefs

Sales of motorcycles declined in August from the previous month because of heavy rain across the country, according to AP Honda.

Suchart Arunsaengroj, director of AP Honda, said motorbike sales last month totalled 179,715 units, down 6 per cent from July.

A total of 89,006 automatic-transmission model units were sold, representing 50 per cent of the total, followed by family models at 83,091 units (46 per cent).

Honda sold 126,058 units, for a 70-per-cent market share, followed by Yamaha with 40,125 units (22 per cent) and Suzuki with 6,833 units (4 per cent). – The Nation

Mie Asean office

Mie prefecture in Japan is interested in promoting Thailand as its investment base in Asean, according to the Industry Ministry.

The prefecture’s local administration wants to set up an Asean Business Support Desk in Bangkok as a coordination centre to support and provide information regarding Asean to individual investors from Mie who are expanding their investments in the region.

Most investors in Mie are small and medium-sized entrepreneurs that have subcontracted manufacturing from major manufacturers. In the past, the prefecture has provided support to its local SMEs on research and development in the area of advanced materials and energy cells. – The Nation

VGI sets IPO price

VGI Global Media, a subsidiary of BTS Group Holdings, has set its initial public offering price at Bt0.35 per share, Keeree Kanjanapas, chairman of BTS Group Holdings, said in a filing to the Stock Exchange of Thailand yesterday.

The price was set after the offering was oversubscribed by institutional investors. The company expects to raise funds exceeding the target of Bt850 million from the 26 million new shares.

The IPO will open bookings from September 28-October 2 and start trading on the SET on October 11. – The Nation