A lubricant production facility and a distribution centre operated by PSP Specialties in Samut Sakhon.
PSP Specialties Plc, Thailand’s largest lubricant producer by capacity, plans to raise funds through an initial public offering (IPO), with the expectation that the listing on the Stock Exchange of Thailand would support its plan to further grow the business.
The company plans to sell 350 million shares, or around 25% of its total shares.
The value of each share has yet to be finalised as PSP Specialties is preparing to organise a roadshow to publicise the company.
CGS CIMB Securities (Thailand) is serving as the underwriter for the listing plan.
Sint Krongphanich, chief executive of PSP Specialties, said part of the money…
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