The share price of VGI Public Company Limited (VGI) hit the ceiling at ฿6.80/share with a trading value of 756 million baht in the morning session after Kerry Express (Thailand) Public Company Limited (KEX) announced an IPO of 300 million shares.
KEX announced that the company has submitted a filing to the Securities and Exchange Commission (SEC) for an initial public offering (IPO) of 300 million shares (17.2% of total issued shares after IPO) with a par value of ฿0.50/share.
The company will be listed in the Stock Exchange of Thailand with Maybank Kim Eng (Thailand) and The Siam Commercial Bank as financial advisors.
VGI Public Company Limited (VGI) had purchased a 23% stake of Kerry Thailand at the beginning of this year, while BTS Group Holdings Public Company Limited (BTS) holds a 21.45% stake of VGI.
The share price of BTS rose ฿0.30/share or 2.88% to ฿10.70/share in the morning session of August 26, 2020.