The Stock Exchange of Thailand (SET) will list BBGI pcl, one of Thailand’s leaders in biofuel industry on March 17, under the ticker symbol “BBGI”. The company has a market capitalization at its initial public offering (IPO) of THB 15.18 billion (approx. USD 453.13 million).
SET Senior Executive Vice President Manpong Senanarong said BBGI will list and start trading on SET in the Resources industry group, Energy & Utilities sector. BBGI is a holding company that engages in investment in a company of which core business is producing and distributing biofuel: ethanol and biodiesel with production capacity of 1.6 million liters per day, comprising 600,000 liters of ethanol and 1 million liters of biodiesel.
Given that its major shareholders are Thailand’s two leading biofuel manufacturers namely Bangchak Corporation pcl (BCP) and Khon Kaen Sugar Industry pcl (KSL), the company has…
