Briefs

TMC Industrial, a hydraulic-press producer, witnessed a successful debut, as its share price rose 107.69 per cent above Bt3.90 IPO price despite a fall in the composite index. At one point, it soared 182 per cent.
The stock closed at Bt8.10, while the SET Index lost 15.58 points or 1.20 per cent to 1,281.81 points on turnover of Bt33 billion.
TMC, listed on the Market for Alternative Investment, plans to build a new plant in the next quarter to boost production capacity by nearly 30 per cent and drive revenue next year to Bt1 billion.
Managing director Surachet Kamolmongkolsuk said the first phase of the plant’s construction would be completed by midyear and the second phase in 2014. The two phases will help increase capacity by 60 per cent. Based on the new capacity, annual revenue should increase by 25 per cent.

PTT’s $1.1 bn bonds
PTT successfully issued senior unsecured fixed-rate bonds totalling US$1.1 billion (Bt33.8 billion), president and CEO Pailin Chuchottaworn said. They were more than 10 times oversubscribed.
The bonds, with ratings of “BBB+” by Standard and Poor’s and “Baa1” by Moody’s, comprised $500 million 10-year bonds at 3.375 per cent and $600 million 30-year bonds at 4.5 per cent.
The transactions received overwhelming demand from investors, he said.

IRPC turns around
Thanks to stock and foreign-exchange gains, IRPC reported net profit of Bt2.14 billion in the third quarter, turning around from a huge net loss of Bt4.06 billion in the second quarter.
For the first nine months, IRPC’s net loss improved to Bt975 million, compared with net profits of Bt5.46 billion for the same period a year ago. In the nine-month period, consolidated net sales revenue reached Bt217.25 billion, an increase of 17 per cent from the same period last year.

3 Abico shareholders
Three major shareholders of Abico Holdings, a listed company under business rehabilitation, have divested all their shares totalling 34.8 per cent of the company’s paid-up capital.
The shareholders are Suthilak Chirathivat, Wat Chirathivat and Thapida Norapanlop. Each earlier held 11.61 per cent of the company, which engages in the production and distribution of ready-to-drink milk. According to a filing to the Securities and Exchange Commission, Roongchai Boonrat emerged as the buyer of an 11.62-per-cent stake. After the transaction, her holding increased to 15.87 per cent. - The Nation.