Ch. Karnchang Plc (CK), Thailand's third-largest contractor by market value, plans to list its holding company CK Power Ltd on the London Stock Exchange eight years from now after its Xayaburi project in Laos is operational.
Chairman Thanong Bidaya said the offshore listing is to mobilise funds for business expansion, especially for power projects in the Greater Mekong Subregion.
CK plans a dual listing for its holding power company, which next year will float shares on the Stock Exchange of Thailand, raising funds for investing in power projects over the next several years.
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