Central Group readies IPO for retail divisionCentral Retail Corporation Plc, the retail arm of Central Group, the country's biggest mall operator, is offering a combined 2.23 billion shares, 1.62 billion of which will be new ordinary shares, as part of an initial public offering (IPO). The company will bring Robinson and its operations in Vietnam and Italy under Central Retail Corporation for the listing. As part of the share sale, Central will de-list Robinson Plc, in which Central holds a majority stake. Central Retail Corporation reported revenue of 240 billion baht in 2018. Central Retail operates in multiple categories from fashion to food.

Source: Bangkok Post October 02, 2019 21:45 UTC