SNNP announces IPO to fund new factory, pay debt
published : 7 Jul 2021 at 04:00
Srinanaporn Marketing Plc (SNNP), the manufacturer and distributor of soft drinks and snacks, announced its initial public offering (IPO) yesterday at a price of 9.20 baht per share with the subscription period set for today until Friday.
Chayut Leehacharoenkul, the company s chief financial officer, said the company s debut on the Stock Exchange of Thailand is scheduled for the third week of July.
SNNP plans to sell 240 million shares through the IPO, which will be allocated to retail investors, institutional investors and company employees.
The subscription period for institutional investors is set for July 12-14.
Recap: Global shares were mixed while European and US markets were steady yesterday as investors weighed the outlook for economic recovery, while US banks rose after passing stress tests. For the week, global shares are poised for their biggest advance since April, with the MSCI World index up 2%.
(Bloomberg) Singapore government bonds beat their biggest developed-market peers in May as a flare-up in virus infections in the city state fostered demand for haven assets.The securities gained 1.1% last month, a performance which trails only that of South African, Mexican and Indonesian bonds among 30 of the world’s largest debt markets, according to data compiled by Bloomberg. Fifteen- and 20-year bonds outperformed other tenors.Singapore was forced to reimpose a month of lockdown-like conditions from May 16 to quell a rising number of infections, its first return to tighter restrictions since last year. The city-state’s bonds also caught a bid from subdued inflation and a lack of supply pressures.“The implicit increase in household savings from restrained activity has been beneficial for longer-tenor bonds and supporting their relative outperformance,” said Philip McNicholas, ASEAN foreign-exchange and rates strategist at Bloomberg Intelligence. ȁ