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Monday, May 6, 2024

KCG shares fall after dairy producer’s B1.3bn IPO

KCG yesterday floated 155 million new shares in an initial public offering, representing 28.4% of the company’s total paid-up capital.

Shares of KCG Corporation Plc debuted on the Stock Exchange of Thailand (SET) yesterday as Thailand’s leading manufacturer of biscuits and dairy products mobilises more than 1.3 billion baht worth of fresh funds to finance its future expansion.

KCG floated 155 million new shares in an initial public offering (IPO) yesterday, representing 28.4% of the company’s total paid-up capital. After the IPO, KCG’s total shares would amount to 545 million, comprising 390 million existing ordinary…

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