STONEHENGE Firm plans IPO, MAI trading this year
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Stonehenge Inter Plc plans to issue 68 million new shares for initial public offering at the end of this month and start trading on Market for Alternative Investment (MAI) at the end of the year, the company’s chief executive officer Somkiat Silawatanawong said yesterday.
The company will use the new capital to set up a training centre for its staff and invest in a information system to support its business expansion next year. The company expects a rise in revenue this year, from the total of Bt494.56 million recorded last year, he said.
In the first half of this year, the company reported total revenue of Bt277.22 million, up 28.56 per cent from the same period last year. Currently the company has a backlog of projects worth Bt716.52 that will contribute to its revenues between 2019-2020, he said.
