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ACAP sees good results in 2nd quarter

Jun 21. 2016
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By The Nation

ASIA CAPITAL GROUP (ACAP) expects to report strong performance for the second quarter after recording Bt16.70 million in net profit in the first three months of the year, chief executive officer Sukanya Sukcharoenkhraisri said.

She said ACAP also expected to exceed its Bt2-billion lending target for this year. The firm plans to expand major projects, including negotiations with a foreign alliance on a joint venture, which should be concluded this year.

ACAP has set debenture bookings for tomorrow, Friday and next Monday via underwriters AEC Securities and Globlex Securities. Proceeds from the debentures will help fund business expansion and the company’s investment plans.

The upcoming two-year debenture issue of not more than Bt500 million offers interest of 5.60 per cent annum. ACAP expects it will be well received by institutional and major investors.

 

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