IPO to help fund new air cargo terminal
Thai logistics service provider Triple I Logistics (III) is offering its 164.5 million initial public offering (IPO) shares at price of Bt4.80 to institutional and retail investors, according to Tipp Dalal, the company's chief executive officer.
The IPO proceeds will be used to invest in 10 projects, including the International Air Cargo Terminal at Don Mueang International Airport, for which the company has been awarded the concession by the Airport Authority of Thailand. This air cargo terminal will open in the fourth quarter of this year.
In addition, the company will invest in projects of its major business units: chemical logistics, inland transport, and warehouse and distribution.
Triple I Logistics is a leading full-service logistics solutions provider. Its four main services are air freight, sea freight and inland transport, logistics management, and chemical and specialty logistics management.
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