Thai solar co BCPG pockets USD 166m from IPO
Thai renewable power producer BCPG Plc (BKK:BCPG) raised THB 5.75 billion
(USD 166m/EUR 148m) in its initial public offering (IPO) and started trading
on the Stock Exchange of Thailand today.
The company will use the proceeds for business expansion at home and abroad
through 2020. It already has 138 MW of contracted operational solar power
capacity, including 118 MW in Thailand and 20 MW in Japan, and 186 MW of
solar projects under development, 12 MW at home and 174 MW in Japan.
In the IPO this month, the Bangchak Petroleum (BKK:BCP) subsidiary sold 55.9
million shares to shareholders of BCP, and 534.1 million to general
investors. The IPO shares, amounting to a 29.6% stake in BCPG, were priced
at the top of the preliminary price range of THB 9.80 to THB 10.00.
The company will not limit its future plans just to solar power as it
intends to also invest in geothermal, wind, biogas, biomass and
waste-to-energy projects, it said previously.
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Ref:
http://renewables.seenews.com/news/thai-solar-co-bcpg-pockets-usd-166m-from-
ipo-541227
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John Diecker
APT Consulting Group Co., Ltd.
www.aptthailand.com
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