KCG Corporation, Thailand’s leading manufacturer, importer and distributor of dairy and bakery ingredients, is planning an initial public offering (IPO) as it aims to mobilise funds to expand its business, invest in innovations and advance towards an environmental, social and governance (ESG)-focused organisation for sustainability.
According to Watit Tamavimok, the company’s chief executive officer, KCG is in the process of preparing for an IPO on the Stock Exchange of Thailand and considering the most appropriate timing for the share offering.
KCG plans to issue and offer up to 155 million shares in the IPO, representing 28.4% of the total issued and fully paid-up ordinary shares of the company.
Proceeds generated by the IPO would be allocated to developing a cold chain warehousing facility called KCG Logistics Park, expanding the company’s production capacity…
