Qualitech's IPO completed successfully

By The Nation

Qualitech Plc (QLT) successfully sold its 20 million initial public offering shares, boosting its confidence that the share price would stand above the IPO price of Bt4 apiece on the first trading day.

QLT will start share trading on June 9, as a stock in the Market for Alternative Investment (MAI).

Wicha Tomana, investment banking chief of Phillip Securities (Thailand) Plc which is the underwriter, said overwhelming interest in the stock showed a positive signal in investor confidence in the company and the overall stock investment.

Sanphat Rattakam, managing director of QLT, assured investors that the company would maintain sale and profit growth.

Qualitech's IPO completed successfully

Qualitech Plc (QLT) successfully sold its 20 million initial public offering shares, boosting its confidence that the share price would stand above the IPO price of Bt4 apiece on the first trading day.

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