King Wan Corporation

[propertyinvestor]

Any idea when the expected listing of the thai investment is suppose to take place?

[ngcheeki]

Wow!!, you're eyeing on King Wan too . Based on the info I had, their trading of KTIS to begin in Jan 2013. I'm patiently waiting for this as well. See the following for more information on their listing.

http://www.bangkokpost.com/business/econ...-expansion

NAKHON SAWAN : Thai Identity Sugar Group (KTIS), the country's third-largest sugar miller, is moving ahead with plans to list on the Stock Exchange of Thailand to raise funds enabling expansion including a bagasse-fuelled biogas plant.

Chief executive Parphan Siriviriyakul said the company has appointed Kasikorn Securities (K-Sec) as its financial adviser for the listing.

Group executives were mum on the time frame.

Nattharin Talthong, the executive chairman of K-Sec, said earlier the move if successful would make it the largest listed sugar company on the SET by market capitalisation.

It will also be the largest initial public offering (IPO) for a Thai sugar company, with a projected market capitalisation of 40 billion baht.

KTIS operates an integrated sugar milling complex covering sugar-cane plantation, pulp and paper production from bagasse, hydrated lime production and ethanol made from molasses.

The company is undergoing a group restructuring, as it has several affiliates, with an IPO likely by year-end.

The group consists of five companies with three related to sugar: Thai Identity Sugar Factory, Kaset Thai Sugar and Ruampol Sugar Factory.

Founded in 1974 in Uttaradit province, KTIS is the most sophisticated miller in the North, with daily crushing capacity of 18,000 tonnes.

There are two SET-listed sugar firms.

Khon Kaen Sugar Industry (KSL) was the first. Its 2005 IPO was just over 1.2 billion baht from 279.5 million shares priced at 4.30 baht apiece.

Khonburi Sugar (KBS) followed last year with an IPO price of 9.10 baht with 150 million shares for 1.365 billion baht.

KSL and KBS's market capitalisations have since grown to 20.6 billion and 4.9 billion baht, respectively.

The country's two leading sugar millers - the Mitr Phol Group and the Thai Roong Ruang Sugar Group - have not expressed any interest in listing.

Thailand has 47 sugar factories.

In a related development, KTIS yesterday purchased 40 cane harvesters and loaders, including parts and accessories, worth nearly 500 million baht from John Deere.

[propertyinvestor]

It seems like the Thai market is still very strong. Im quite sure the listing will go ahead as planned.

[2V.]

Anyone has new updates on thai IPO?

Wow!!, you're eyeing on King Wan too . Based on the info I had, their trading of KTIS to begin in Jan 2013. I'm patiently waiting for this as well. See the following for more information on their listing.

http://www.bangkokpost.com/business/econ...-expansion

NAKHON SAWAN : Thai Identity Sugar Group (KTIS), the country's third-largest sugar miller, is moving ahead with plans to list on the Stock Exchange of Thailand to raise funds enabling expansion including a bagasse-fuelled biogas plant.

Chief executive Parphan Siriviriyakul said the company has appointed Kasikorn Securities (K-Sec) as its financial adviser for the listing.

Group executives were mum on the time frame.

Nattharin Talthong, the executive chairman of K-Sec, said earlier the move if successful would make it the largest listed sugar company on the SET by market capitalisation.

It will also be the largest initial public offering (IPO) for a Thai sugar company, with a projected market capitalisation of 40 billion baht.

KTIS operates an integrated sugar milling complex covering sugar-cane plantation, pulp and paper production from bagasse, hydrated lime production and ethanol made from molasses.

The company is undergoing a group restructuring, as it has several affiliates, with an IPO likely by year-end.

The group consists of five companies with three related to sugar: Thai Identity Sugar Factory, Kaset Thai Sugar and Ruampol Sugar Factory.

Founded in 1974 in Uttaradit province, KTIS is the most sophisticated miller in the North, with daily crushing capacity of 18,000 tonnes.

There are two SET-listed sugar firms.

Khon Kaen Sugar Industry (KSL) was the first. Its 2005 IPO was just over 1.2 billion baht from 279.5 million shares priced at 4.30 baht apiece.

Khonburi Sugar (KBS) followed last year with an IPO price of 9.10 baht with 150 million shares for 1.365 billion baht.

KSL and KBS's market capitalisations have since grown to 20.6 billion and 4.9 billion baht, respectively.

The country's two leading sugar millers - the Mitr Phol Group and the Thai Roong Ruang Sugar Group - have not expressed any interest in listing.

Thailand has 47 sugar factories.

In a related development, KTIS yesterday purchased 40 cane harvesters and loaders, including parts and accessories, worth nearly 500 million baht from John Deere.

[ngcheeki]

Anyone has new updates on thai IPO?

Base on some reliable source, the IPO filing will be out soon, may be in the next 2 weeks. The actual IPO is deferred to around April or May 2013 or I'm monitoring the following SET site almost every day.

http://www.set.or.th/en/company/ipo/upco...o_set.html

[2V.]

ngcheeki thanks very much on the info.

Anyone has new updates on thai IPO?

Base on some reliable source, the IPO filing will be out soon, may be in the next 2 weeks. The actual IPO is deferred to around April or May 2013 or I'm monitoring the following SET site almost every day.

http://www.set.or.th/en/company/ipo/upco...o_set.html

[ngcheeki]

ngcheeki thanks very much on the info.

Anyone has new updates on thai IPO?

Base on some reliable source, the IPO filing will be out soon, may be in the next 2 weeks. The actual IPO is deferred to around April or May 2013 or I'm monitoring the following SET site almost every day.

http://www.set.or.th/en/company/ipo/upco...o_set.html

Hi 2V., even though I said from "reliable" source but here is no guarantee that it will happen. Furthermore, I'm vested on King Wan and please buy or sell at your own risk. Loss $$$ don't blame me OK!!, hee hee.

[propertyinvestor]

DMG has covered King Wan. Congrats to all here and cheeki for having the first mover advantage!

[ngcheeki]

DMG has covered King Wan. Congrats to all here and cheeki for having the first mover advantage!

Thank for your information. I'm still waiting for the KTIS IPO but so far still doesn't not have any information yet. However, the deadline for the ipo will be 25 June 2013.

[propertyinvestor]

DMG has covered King Wan. Congrats to all here and cheeki for having the first mover advantage!

Thank for your information. I'm still waiting for the KTIS IPO but so far still doesn't not have any information yet. However, the deadline for the ipo will be 25 June 2013.

Btw, this analyst is a specialist for O&G and marine sectors. I dont know how believable this report is.