Kerry Express (Thailand) Public Company Limited (KEX) summarizes the initial public offering price. (IPO) at the highest price range 28 baht per share from the price range 25-28 baht
It is expected that KEX shares will be listed on the Stock Exchange of Thailand on the first day of 24 December 2020, with the proceeds from this offering of 8,400 million baht, KEX plans to expand the express delivery network. Invest in transportation systems to increase operational efficiency. And the development of information technology Including pledge to repay financial institution debt And working capital in business operations
KEX is offering 300 million shares this time, with a par value of 0.50 baht per share, which will open to retail investors to subscribe for shares on December 8, 9 and 14. Institutional investors to subscribe for December 16-18
For the past 3 years of operating results (2017-2019) in 2017, total income was 6,626.41 million baht, increased to 13,565.35 million baht in 2018 and increased to 19,781.93 million baht in 2019.
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