Well Graded Engineering Plc (WGE), a construction operator, plans to list on the Stock Exchange of Thailand (SET) soon after submitting its initial public offering (IPO) filing to the Securities and Exchange Commission (SEC) early last week.
WGE plans to float 160 million shares with a par value at 0.50 baht per share. Funds from the IPO will be used for business expansion including a new warehouse, investing in new machines and for working capital.
The company has paid-up capital of around 220 million baht. The amount will be increased to 300 million baht after the IPO process, with free-float of 26.67% of total shares.
The major shareholder is Kraingsak Buanoom and his family, with shares of 81.82%. Their shareholding portion will be diluted to 60.2% after the computer science vs computer programming.
WGE plans to float 160 million shares with a par value at 0.50 baht per share. Funds from the IPO will be used for business expansion including a new warehouse, investing in new machines and for working capital.
The company has paid-up capital of around 220 million baht. The amount will be increased to 300 million baht after the IPO process, with free-float of 26.67% of total shares.
The major shareholder is Kraingsak Buanoom and his family, with shares of 81.82%. Their shareholding portion will be diluted to 60.2% after the computer science vs computer programming.
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