RTH Construction was renamed from Ritta Hemmaraj - a joint venture between Ritta and Hemmaraj - after major shareholder Ritta sold all of its stake to individual shareholders. The company's new major shareholders include Kamol Opaskitti, Suporn Sirikururat, Suchai Lumsum and Poonsak Kongrattanaprasert.

RTH Construction vice president Somyot Vongtongsalee said the company was planning to raise up to Bt150 million worth of funds from the market, in order to boost its construction value to Bt2 billion next year.

At present, the company has registered capital of Bt150 million - 33 per cent held by Hemmaraj and the remaining 67 per cent by individual shareholders.

The company reported total revenues of Bt1 billion in the first eight months of this year.

Somyot said the company had projects in hand worth Bt1.2 billion to de-liver to its customers next year, as well as joint bidding to increase its construction projects to achieve a target of Bt2 billion next year.

To advance its construction pro-

jects, the company must raise funds from the SET to increase its capital.

Somyot said that his company planned to apply to be listed with the SET next year.

It is now searching for a financial adviser, to be decided upon by the end of this year.

RTH Construction announced total revenues of Bt1.5 billion and a net

profit of Bt70 million for last year

and expects total revenues of Bt1.8 billion and a net profit of Bt80 million this year.

Somluck Srimalee

The Nation