TPI Polene Power Plc, the country's largest producer of waste-derived power, plans to raise up to 17.5 billion baht in an initial public offering, in what could be the country's largest IPO in more than a decade. The company plans to sell up to 2.5 billion shares, or a 30% stake, at a rate of 6-7 baht per share, parent firm TPI Polene Plc said in a statement to the stock exchange on Friday. The power firm has said the sale proceeds will be used mainly to finance capacity expansion. TPI Polene Power runs four plants with a total installed capacity of 150 MW. Maybank Kim Eng Securities Pcl, Tisco Bank and CIMB Thai Bank are financial advisers on the IPO.

Source: Bangkok Post March 17, 2017 09:00 UTC