The Stock Exchange of Thailand (SET) will list Mena Transport pcl, a ready-mix concrete transportation operator, on July 7, under the ticker symbol MENA . The company has a market capitalization at its initial public offering (IPO) of THB 880.80 million (approx. USD 27.7 million).
SET Senior Executive Vice President Manpong Senanarong said that MENA would list and start trading on SET in the Services industry group, Transportation & Logistics sector.
MENA provides transportation of ready-mix concrete and industrial goods such as cement, fly ash, calcium, barium, etc., and consumer products. In addition, MENA distributes construction materials, equipment and tools. The company has had experience in cargo transportation business for more than 25 years, fully equipped with trucks, trailers and mixer trucks catering to all key business zones nationwide including the Eastern Economic Corridor (EEC). The company is recognized by leading cement and concrete product manufacturers in Thail
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SET president prepares incentives to welcome at least 30 companies a year
MASAYUKI YUDA, Nikkei staff writer
July 5, 2021 06:02 JST | Thailand
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BANGKOK The Stock Exchange of Thailand is putting all its effort into developing new measures to lure listings from sexy foreign companies and small- and mid-sized enterprises, aiming to become the leader among Southeast Asian stock markets. We would like to have 30 to 50 IPOs at the SET each year, with them raising roughly 250 billion baht ($7.8 billion) per year, Pakorn Peetathawatchai, the president of the exchange, told Nikkei Asia in an online interview. We would like to see the same amount of secondary offerings as well, he added.