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Published on August 29, 2007

Managing director Pradej Kitti-itsaranon estimated that the company's sales revenues this year would be Bt2 billion.

In the first half, Demco had sales revenues of Bt1.33 billion, up 81.79 per cent year on year.

It has a backlog of Bt1.28 billion, of which Bt738 million has been realised this year.

Demco plans to float 113.92 million shares, of which 60 million will be sold through private placement to its potential partners. The rest will be reserved for stock dividends.

"The private placement is to seek partners to help improve our financial liquidity and prepare for big projects. Our liquidity is now not sufficient for bidding in big projects and banks are quite strict in loan extensions," Pradej said.

Siriporn Chanjindamanee

 The Nation