Premier Marketing sells more shares in IPO

Premier Marketing Plc sets to sell 215 million shares in the initial public offering, to raise funds for debt repayments and working capital.

In the filing to the Securities and Exchange Commission, it said that while the company originally aimed to sell only 150 million shares or 23.08 per cent of total issued shares, the existing owner Premier Pet Products Co Ltd decided to unload additional 65 million shares.

The IPO and the trading is expected to take place by the end of this year. Advisory Plus is the financial advisor.

Premier Marketing has registered capital of Bt650 million, Bt500 million paid-up. In the first three months of 2007, it posted the net profit of Bt101 million, or 102 per cent up from Bt50 million in the same period last year.

- The Nation

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Premier Marketing sells more shares in IPO

Premier Marketing Plc sets to sell 215 million shares in the initial public offering, to raise funds for debt repayments and working capital.

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