Bangkok Airways appoints IPO lead underwriters for IPO shares Subscription for retail investors scheduled for October 14 – 17, 2014

Published on : Thursday, October 9, 2014

IPO-lead-underwriters (1)Mr. Puttipong Prasarttong-Osoth, President, Bangkok Airways Public Company Limited (the Company) signed an agreement to appoint Bualuang Securities Public Company Limited as the financial advisor for the Company’s Initial Public Offering (IPO) and appointed Bualuang Securities PCL,

 

Citigroup Global Markets Limited Credit Suisse (Singapore) Limited andDBS Bank Ltd. as domestic and international lead underwriters.

 
Bangkok Airways PCL also appointed six co-underwriters, namely KT ZMICO Securities Company Limited, CIMB Securities (Thailand) Co., Ltd., Thanachart Securities Public Company Limited, Asia Plus Securities Public Company Limited, KASIKORN Securities Public Company Limited and SCB Securities Company Limited.
 

The subscription period for retail investors is scheduled for October 14 – 17, 2014*. The initial offering price range has been set at THB 23 – THB 27 per unit**. The Company expects the shares will commence trading under transportation & logistics section in the Stock Exchange of Thailand on November 3, 2014 under the ticker symbol “BA”.

 
For more information about the IPO, please visit www.bangkokair.com/ir or contact Bualuang Securities Plc. at 02 618 1000, 02 231 3777 or contact Bangkok Airways Pcl.’s Investor Relations department at 02 265 5829, 02 265 5709, 02 265 5893, 02 265 8731.
Remarks:

 

* The selling agents reserve the right to close the subscription prior to the end of the indicated subscription period if the number of subscribed shares equals or exceeds 2.5 times the total number of shares offered to retail investors.

 

** Retail investors are required to pay at 27 THB per share, which is the maximum initial offered price. Subscribers will receive the difference between the final offering price and the maximum initial offered price, in case the final offering price is lower than 27 THB per share.

 

Source:- Bangkok Airways

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