Companies

Thailand’s TPI Polene Power to raise up to $500m in IPO

TPI Polene Power Pcl, Thailand’s largest producer of waste-derived power, plans to raise up to 17.5 billion baht ($500.4 million) in an initial public offering

Published

4 years ago

March 24, 2017

Deal Street Asia

TPI Polene Power Pcl, Thailand’s largest producer of waste-derived power, plans to raise up to 17.5 billion baht ($500.4 million) in an initial public offering, in what could be the country’s largest IPO in more than a decade.

The company plans to sell up to 2.5 billion shares, or a 30 percent stake, at a rate of 6 baht-7 baht ($0.17-$0.20) per share, parent firm TPI Polene Pcl said in a statement to the stock exchange on Friday.

Of the total, up to 125 million shares will be offered to TPI Polene’s existing shareholders on March 22-March 24, and the rest will be sold to the public on March 24-March 29, it said.

The power firm has said the sale proceeds will be used mainly to finance capacity expansion.

TPI Polene Power runs four plants with a total installed capacity of 150 MW. Two of the plants, with a combined capacity of 80 MW, use fuel derived from refuse, while the other two generate power from waste heat.

Maybank Kim Eng Securities Pcl, Tisco Bank and CIMB Thai Bank are financial advisers on the IPO.

The post Thailand’s TPI Polene Power to raise up to $500m in IPO appeared first on DealStreetAsia.

Banking

APAC corporates likely to improve in 2021

Moody’s Investors Service says in a new report that credit conditions in APAC will improve in 2021, supported by the gradual recovery of economic activity given the early containment of the pandemic in several Asian economies.

Published

5 days ago

January 20, 2021

Pr News

Ongoing fiscal and monetary support in both advanced and emerging markets will also aid improving conditions, but renewed lockdowns in parts of the world have stalled the nascent global economic recovery and create uncertainty around improving credit conditions.

(more…)

Companies

Thai Firm to produce 200 million doses of Covid-19 vaccine

Thai Firm Siam Bioscience Joins with AstraZeneca to Make COVID-19 Vaccine for Southeast Asia and says it will produce 200 million doses of its anti-coronavirus vaccine in Thailand next year.

Published

1 month ago

December 23, 2020

Olivier Languepin

Thailand aims to vaccinate up to half of its population against Covid-19 next year according to the director of its National Vaccine Institute, Dr. Nakorn Premsri.

(more…)

Business

Great Wall Motor (China) takes over GM factory in Thailand

The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

Published

3 months ago

November 4, 2020

Zhong Li

Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.

(more…)