09 March 2018

CMAN Prices Its IPO at 3.84 Baht

Mr. Adisak Lowjun – Chief Executive Officer of Chememan PLC (SET: CMAN) (Middle) and Mr. Manop Petchdumrongsakul – Head of Corporate Finance, a representative of TISCO Securities Co., Ltd. (the 4th from the right) had signed a contract of appointment with TISCO Securities Co., Ltd. to be the lead underwriter of the IPO, along with Asia Plus Securities Co., Ltd., Finansa Securities Co., Ltd., Finansia Syrus Securities Plc., KGI Securities (Thailand) Pcl., Krungsri Securities Pcl., KT ZMICO Securities Co., Ltd., and Maybank Kim Eng (Thailand) Pcl., as co-underwriters of the IPO for the IPO issuance of not exceeding 240 million shares, or accounting for not exceeding 25% of the total issued and paid-up capital of the Company. After the issuance of the IPO, the proceeds are to be used for the lime production expansion in Thailand and overseas, repayment of bank loans, and working capital. The subscription period for the general investors will be from March 14 – 16 and the shares are expected to be publicly traded on the Stock Exchange of Thailand on March 21, 2018.