Containers are pictured at Wice’s cross-border transportation centre.
SET-listed Wice Logistics is preparing to list subsidiary Euroasia Total Logistics (ETL) on the Market for Alternative Investment (MAI) to raise funds to expand its cross-border logistics business between Europe and Asia.
ETL is a Thai company that provides integrated cross-border transport and plans to float up to 128.76 million shares in its initial public offering (IPO), representing 27% of the company’s paid-up capital on the secondary bourse, for 0.50 baht apiece.
ETL managing director Krishavan Chuecharoenchai said the proceeds would be used to expand the company’s operations as ETL aims to expand cross-border delivery routes in various countries across…
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