Sanko Diecasting (Thailand) Plc (SDT), the electronic auto parts and high-pressure diecasting operator, expects to see its sales volume and revenue double from last year, thanks to the drastic rise in car production with the first-time car buyer scheme.
As its auto parts business should flourish this year, the company plans to raise funds through the Market for Alternative Investment (MAI) to expand production capacity. The company has paid-up capital of 88 million baht with 176 million shares. It plans to increase capital to 110 million through an initial public offering of 44 million new shares, with a par value at 0.50 baht per share. It appointed Capital Nomura Securities as financial advisor, and expects to trade on the MAI within the first half this year.
Masami Katsumoto, chief executive of SDT, said the company plans to use the funds from the IPO to expand production capacity at its factory in Rayong.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.