By Reuters Staff
(Adds detail, background)
BANGKOK, Jan 14 (Reuters) - Thai oil and gas company PTT Pcl has priced an initial public offering (IPO) of shares in retail unit PTT Oil and Retail (PTTOR) to raise up to $1.8 billion, it said on Thursday ahead of what is expected to be among the country’s largest listings this year.
The long-planned IPO follows a string of large Thai listings last year, with Central Retail Corporation Pcl and SCG Packaging Pcl each raising over $1 billion.
The Stock Exchange of Thailand plans to add 500 billion baht to its market capitalisation in 2021.
PTT set a preliminary price range for PTTOR shares between 16 baht and 18 baht, which would raise between 43.2 billion baht and 54 billion baht. ($1.44 billion to $1.80 billion)
PTT retail arm eyes up to B54bn in IPO
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published : 14 Jan 2021 at 16:33 (Reuters photo)
PTT Plc, the country s largest oil-and-gas company, has priced an initial public offering (IPO) of shares in retail unit PTT Oil and Retail (PTTOR) to raise up to 54 billion baht, it said on Thursday ahead of what is expected to be among the country s largest listings this year.
The long-planned IPO follows a string of large Thai listings last year, with Central Retail Corporation Plc and SCG Packaging Plc each raising over 30 billion baht.
The Stock Exchange of Thailand plans to add 500 billion baht to its market capitalisation in 2021.
CENTEL earns Thailand Sustainability Investment (THSI) status for third consecutive year
Dr. Ronnachit Mahattanapreut, Centara s Senior Vice President - Finance & Administration (middle) received the Thailand Sustainability Investment (THSI) 2020 Award for the third consecutive year and Outstanding Investor Relations Award for the second straight year from The Stock Exchange of Thailand.
Centara Hotels & Resorts (SET: CENTEL), Thailand s leading hotel operator, has been awarded Thailand Sustainability Investment (THSI) status for the third consecutive year by the Stock Exchange of Thailand (SET) in recognition of its outstanding performance across Environmental, Social and Governance (ESG) aspects.
CENTEL was also named as a recipient of the Outstanding Investor Relations Award, the second straight year the group has been rewarded this accolade, further solidifying Centara s reputation of care for its employees, guests and investors.