Better World Green to reveal IPO plan next week

Better World Green Plc (BWG), an industrial waste management service provider, is expected to announce its plan to file for becoming a SET’s listed company by next week.Suwat Leungviriya, managing director of Better World Green Plc, announced the industrial waste management service provider is in talk with its financial advisor KTB Security to announce a [...]

Steel maker and distributor Millicon Steel Industry announced it is intending to list on the Market for Alternative Investment (MAI), a local bourse, in November 2007. Managing Director Sittichai Leeswadtrakul expressed strong belief yesterday that higher demand for steel in Europe and Asia markets is a perennial key to boost domestic sale growth. He said [...]

Thai AirAsia, a budget carrier, announced it plans to list on the Stock Exchange of Thailand next year to raise $40 million for operational capital. Struggling to get out of political battle deadlock, chief executive Tossapon Bijleveld said the company has to go public in order to catch up with air travel demand growth.

Mermaid Maritime Plc, an oil operator of rig and port crane, a 78%-owned subsidiary of Thailand’s logistic company Thoresen Thai Agency Plc (TTA), is planning to raise $218 million through Singapore’s stock exchange on October 16.

Tuntex cut outputs, jobs to stem losses

Tuntex Textile (Thailand) Co., Ltd. (TTT) announced it has cut product outputs and jobs by ten per cent in a move to abate jump in operating costs, hurt by higher oil prices.
Solan Suthipongkanasai, MD of Tuntex, a manufacturer of polyester weaving fabric, said the company will continue to reduce product outputs by ten per cent [...]

Adkinson confirms to sell Apex Securities unit this year

(MarketWatch) — Thailand’s Adkinson Securities PCL (ASL) will sell its wholly-owned Apex Securities unit by the end of this year, chief executive Sadawut Taechaubol told Dow Jones Newswires on Wednesday.
He said that U.S. investment bank Merrill Lynch, currently the foreign partner of major Thai brokerage Phatra Securities PCL (PHATRA) , is among the bidders, which [...]