Fibre board maker lists on SET
The Stock Exchange of Thailand (SET) listed S.Kijchai Enterprise Plc, a leading medium-density fibre board manufacturer and distributor, on Tuesday under the ticker symbol "SKN".
The company has a market capitalisation at its initial public offering (IPO) of Bt5.88 billion (about US$172.9 million), SET senior executive pvice President Santi Kiranand said.
SKN has a paid-up registered capital of Bt800 million, consisting of 600 million existing common shares and 200 million newly issued shares, with a par value of Bt1.00 each.
It offered 85 million newly issued shares via public offering (the allocation based on the underwriter's decision), 64 million shares to domestic institutional investors, 11 million shares to foreign institutional investors and 40 million shares to the company's benefactors and employees, at Bt7.35 each, for a total of Bt1.47 billion.
Tisco Securities is the financial advisor and underwriter.
