Pace plans IPO to pay for new projects | Bangkok Post: property

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Pace plans IPO to pay for new projects

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Pace Development plans to place 600 million shares for an initial public offering in next year's second quarter to finance new projects in central Bangkok and Hua Hin. 

As of Sept 30, the company had registered capital of 2.054 billion baht with paid-up capital of 1.454 billion baht, at a par value of one baht apiece.

The Techakraisri family, which is the major shareholder at 77.96%, plans to dilute its holding to 55.19% after the IPO.

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