<article>After its book building, Buriram Sugar Public Company Limited (BRR), Thailand’s second-largest sugar producer, set the price at 6.80 baht per share ($0.21) for its initial public offering (IPO) at the Stock Exchange of Thailand on November 6.</article>

After its book building, Buriram Sugar Public Company Limited (BRR), Thailand’s second-largest sugar producer, set the price at 6.80 baht per share ($0.21) for its initial public offering (IPO) at the Stock Exchange of Thailand on November 6.
The company has appointed KT ZMICO Securities to be its IPO underwriter. It has appointed Land and Houses Securities, CIMB (Thailand), Finansia Syrus Securities and Tisco Securities as the co-underwriters. The pre-IPO placement will be available during October 29-31.
The company will issue 169,182,500 shares for IPO, accounting for 25% of its common shares. After mobilizing the fund, it plans to boost its production capacity and set up another 8-megawatt molasses-based power plant, which is scheduled to commence the operation in February 2015.
“We would like to add more value to our business by generating more income from molasses-based power plant and fertilizers,” said BRR’s president Anan Tangtrongvechakit.
In 2014, the company recorded total revenue of four billion baht ($125 million) and the net profit of 205.56 million baht ($6.4 million). In the first half of the year, it generated total revenue of 2.53 billion baht ($79 million) and the net profit of 110.03 million baht ($3.4 million)
(Edited by Yamini Dhall)
<pre dir="ltr" style="color: #222222;"><a href="http://www.freedigitalphotos.net/images/agree-terms.php?id=10043197">Image:Freedigitalphotos.net</a></pre>

BRR gets ready for IPO

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

BRR gets ready for IPO

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief