EA makes successful debut
Energy Absolute (EA) today made a successful debut on the Market for Alternative Investment, as its share price gained 44.55 per cent over the initial public offering price.
At 3.20pm, it was traded at Bt7.95, above the IPO price of Bt5.50.
EA, a producer and distributor of biodiesel, diesel, and glycerine and an operator of solar power plants, is the first company to start share trading this year. Its solar plants are expected to open for commercial in 2015 with a full capacity of 278 megawatts.
During Jan 21-23, the company sold 560 million shares in the IPO, having Asset Pro as the financial advisor.
"It is our honour and pleasure that the company will list on MAI, helping build the company’s image and financial strength. Fundraising proceeds will be used to build a 90-megawatt solar power plant in Nakhon Sawan and for working capital," said Somphote Ahunai, CEO of the company.
Latest stories in this category
- Global equities look attractive amid risks in 2nd quarter
- As most countries wield low-interest-rate..
- Olarn upbeat ahead of EU talks
- Central Plaza ups CAPEX budget to Bt1.9 bn
We Recommend
- Facebook isn't the place to let off tension
- At 60, Singaporean Prime Minister Lee Hsien Loong..
- Framework for Bangkok's development
- It's time for Thaksin to respect the rule of law:..
TOP STORIES
- True, CTH battle for TV top spot
- Singapore property market 'robust'
- Thailand shortlisted for hosting race
- IT giant gears for new era of non-stop..
- Industrial sentiment drops as forex..
- Thailand tops hotel investment poll
- Thai businesses seeing virtues of green..
- Thailand launches the 'bible' on insect..
- NESDB revises down 2013 growth forecast
- Singapore lifts its status in global..
VIDEO NEWS
"Nazca Lines Live the Legend" exhibition
The Embassy of Peru offers them for Bangkok's perusal in the exhibition "Nazca..
Hongsa power plant in Laos is 50% completed
Hongsa power plant in Laos is 50% completed, the company's executives told the..
The Phantom of the Opera
"The Phantom of the Opera" is at Bangkok's Muangthai Rachadalai Theatre until..
Comments conditions
Users are solely responsible for their comments.We reserve the right to remove any comment and revoke posting rights for any reason withou prior notice.