A PTT station on Vibhavadi Rangsit Road. OR is a subsidiary of PTT, one of the country’s largest conglomerates. Patipat Janthong
PTT Oil and Retail Business (OR) has recorded 530,000 subscriptions for OR shares among retail investors at the final price of its IPO at 18 baht per share in what it says is a historic fundraising round.
The number of retail investors is expected to increase as the OR board is considering selling 390 million more shares through a green-shoe option.
A proposal to reduce planned share sales to four institutional investors — Bic Bank Lao, Capital Asia Investment, Ton Pho Fund and Denali Prestige Asset Management — will also be considered to…
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