Briefs

Ticon Industrial Connection plans to buy 200 rai in the Southern and Northeastern regions for its new logistics arm next year.

Managing director Virapan Pulges said yesterday that this move was part of its goal to boost revenue to Bt6 billion in 2013. – The Nation

BlackBerry 10 to be launched on January 30

Research in Motion (RIM) will launch the BlackBerry 10 operating system on January 30, with BlackBerry 10 devices coming on stream within the first quarter, the company announced yesterday at its "BlackBerry Jam Asia" event in Bangkok.

Urpo Karjalainen, senior vice president and regional managing director for RIM Asia-Pacific, said BB10 was a completely new platform. – Asina Pornwasin, The Nation

PTTEP makes rights offering

PTT Exploration and Production will sell shares in a range of Bt135-Bt145 each to raise about US$3.1 billion (Bt95 billion) in Thailand’s biggest equity offering.

The range represents a discount of 6.1-12.6 per cent to the last closing price of PTTEP’s shares, according to a term sheet obtained by Bloomberg News. The final price will be announced today, the terms show.

PTTEP will sell 650 million shares to its parent PTT and other existing investors, it said when announcing the rights offer in July. – Bloomberg

AOT’s 3Q net profit soars 193%

Increases in air traffic volume at the six airports under supervision of the Airports of Thailand's supervision, during July to September, boosted the company's third quarter net profit by 193.47 per cent or Bt4.3 billion to Bt6.5 billion, the company said in a statement to the Stock Exchange of Thailand yesterday.– The Nation

Plan for issue of mortgage-backed bonds

Secondary Mortgage Corporation plans to issue mortgage-backed securities worth Bt1 billion from December 6-7.

The bonds will be backed by mortgages from Kasikornbank, Kiatnakin Bank and the Government Housing Bank, vice president Anchalee Simasatien said at a press conference yesterday.

Asia Plus to advise Pace Development’s IPO

Pace Development Corporation has appointed Asia Plus Advisory Co as the financial adviser for its initial public offering of 600 million shares in the middle of next year.

The company now has Bt2.05 billion in registered capital and Bt1.45 billion in paid-up capital. Its par value is Bt1 per share.

CEO Sorapoj Techakraisri said yesterday that the IPO proceeds would be used for the development of new real estate projects and to pay for the purchase of land for a project in Hua Hin and land on Langsuan Road in Bangkok.

New Proton models enter Thai market

Malaysia-based Proton yesterday unveiled two automobile models |for the Thai market, the Preve and Exora Prime.

"Both the Preve and the Exora Prime have raised the bar for |Proton cars in all aspects encompassing key aspects such as safety, performance, comfort, build quality, technology, overall design and convenience," Lukman Ibrahim, deputy chief executive officer of |Proton Holdings, said at the Thailand International Motor Expo in Bangkok.

Solar farm of Ratch unit up and running

Ratchaburi Electricity Generating Holding yesterday reported that its subsidiary Solarta Co’s Sai Saphan 2 Solar Farm with installed capacity of 2 megawatts located in Suphan Buri had started commercial operations to supply electricity to the Provincial Electricity Authority.

Ratch holds a 49-per-cent stake in Solarta, which has eight solar farms in Ayutthaya, Nakhon Pathom and Suphan Buri and all of them have been commercially operated with total generating capacity of 34.25MW. – The Nation