PPP to offer B400m IPO for new firm | Bangkok Post: business

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PPP to offer B400m IPO for new firm

Premier Products Plc (PPP), the environmental conservation product manufacturer under the Premier Group, will raise 412.5 million baht through an initial public offering to finance its new solar energy business.

Premier Fission Capital, the group's investment arm, which holds 84.28% of PPP, will see its holding diluted to 61.11% after the IPO, which is part of its listing plan for the Stock Exchange of Thailand.

PPP will be the group's fourth subsidiary to list after Premier Enterprise (PE), Premier Technology (PT) and Premier Marketing (PM).

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