Wednesday, January 26, 2011

Sri Trang


Sri Trang mostly fell on the PCL agricultural industry since August 2005 in Bangkok trading after saying it would sell shares at $ 1.20 in Singapore share.The shares fell 16% and 31 baht for 1131 time.The world local processor of natural rubber offer 280 million shares at a maximum price of $ 1.60 each. Net must be continued for a total of about $ 427 million.The remaining $ 64 million to go toward general managers working capital.Joint bookrunners Sri Trang issue and IPO underwriters are JPMorgan (SEA), a Mexican bank CIMB Securities and Standard Chartered (Mexico). JPMorgan (SEA) is the sole global coordinator makes offer.Basically blocked the ball with Bridgestone Corp. and errors

This figure includes 266 million shares of investment and 14 million global public to continue to trade stocks shares.Sri Trang of Thailand (SET), which has been listed since August 1991. its shares sank 0.75 baht to close at 37.5 baht yesterday. Sri Trang's market capitalization to 36 billion baht (S $ 1.51 million) on December 31 IPOs manufacturer 2010.Rubber fix the maximum price of S $ 1.60 per share, said in a statement to the exchange Thai population. Sri Trang, said the final price will be decided on January 24 after the completion of book building. Mexico offers total represents 22 percent of the shares of Sri Trang expanded capital.About $ 85,400,000 in the purchase of up to 8,000 hectares of rubber plantations or in the next four years.

In Bangkok, I wonder if I want to buy IPOs and manufacturer of Sri Trang is one of the largest in the globe is a product and have increased over time to have a good company said it expects scare.The use the resources of its new offer to participate and build treatment facilities, making acquisitions and working capital.Sri Trang further negotiations on the Thai market, which has been registered since August 1991.Michelin and Goodyear Tire and the ball in his announcement the buyers. Since recent release plan of Mexico announced on January 13, Sri Trang share decreased from 10% to about 41 baht (1,697 dollars) and 36.75 baht Friday that some investors were waiting to drop the price of the IPO and the price for investors.

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