Retail giant set to begin trading on Thai bourse

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CRC’s initial public offering comprises 1,331,000,000 capital increase shares and 360,000,000 rights shares for existing shareholders. THE NATION/ANN

The Stock Exchange of Thailand (SET) announced on Wednesday that common shares of Central Retail Corporation Plc (CRC) will begin trading on Thursday.

CRC will be listed under SET’s service industry group under commercial business. CRC has 6,031,000,000 registered and paid-up shares with par price at one baht (3.2 US cents) per share.

 

It’s 1,691,000,000 initial public offering comprises 1,331,000,000 capital increase shares and 360,000,000 rights shares for existing shareholders. The IPO price is set at 42 baht per share.

CRC is a retail operator of numerous products via various channels in Thailand, Italy and Vietnam. It is a pioneer of omni-channel retail business in Thailand focusing on creating a retail network that brings products and services to consumers’ attention.

THE NATION (THAILAND)/ANN