TMC details IPO ahead of listing, plans third factory in Chon Buri | Bangkok Post: business

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TMC details IPO ahead of listing, plans third factory in Chon Buri

TMC Industrial Co Ltd will sell 90 million shares in an initial public offering before listing on the Market for Alternative Investment this month.

The maker of cranes and other machinery has increased its registered capital by 45% to 290 million baht.

Of the IPO shares at one baht par value, 85 million will be sold to the public at a price yet to be determined and 5 million to employees 20% below the price set for the public.

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