Business briefing

King Wan allotted 3% of KTIS shares in its IPO

KING WAN Corporation has been allotted 1.16 billion baht (S$45 million) worth of shares in the initial public offer (IPO) of Kaset Thai International Sugar Corporation Public Company, based on an earlier agreement signed in April 2012. At 10 baht per share, King Wan will receive 116.31 million KTIS shares, representing 3.01 per cent of KTIS after the IPO. KTIS is the third largest sugar producer in Thailand. Trading on the Stock Exchange of Thailand (SET) is slated for April 28.

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