The Stock Exchange of Thailand will list NL Development pcl on Feb 20 with a market capitalization of THB 1.30 billion. NL offers building construction services and plans to use IPO proceeds for equipment and working capital. The company’s dividend policy is to pay at least 50 percent of net profit to shareholders.
Listing of NL Development pcl on the Stock Exchange of Thailand
The Stock Exchange of Thailand is set to list NL Development pcl, a provider of building construction services, on Feb 20 under the ticker symbol “NL”. The company’s initial public offering (IPO) has a market capitalization of THB 1.30 billion (approx. USD 36.31 million). According to SET Senior Executive Vice President Manpong Senanarong, NL will be listed and start trading on SET in the Property & Construction industry group, Construction Services sector.
NL engages in the business of providing…
