PPP Green Complex Co (PPPGC), a local palm oil manufacturer, is preparing to raise funds through an initial public offering (IPO) amounting to 342.8 million shares in a move to grow its businesses, including palm oil and oleochemical production.
Oleochemicals are a feedstock for making cosmetics, lubricants and other chemical products.
A portion of the funds raised will be used to strengthen its position in the supply chain for palm oil and palm oil-derived oleochemicals, according to PPPGC.
The Securities and Exchange Commission approved the company’s IPO scheme, paving the way for share sales.
PPPGC assigned Siam Commercial Bank (SCB) as its financial advisor.
Tanik Tarawisid,…
