Kaset Thai International Sugar Plc (KTIS), Thailand's third-largest sugar producer, expects to list on the Stock Exchange of Thailand by the third quarter of this year to raise funds for its planned biomass expansion. The company submitted a filing to the Securities and Exchange Commission (SEC) in February to float 958 million shares in an initial public offering, with Kasikorn Securities Plc acting as its financial adviser.

Nathapun Siriviriyakul, KTIS's chief executive for bioenergy and products, said the biomass business is expected to make up half of the company's revenue in 3-5 years from 15-17% now.  " If the SEC does not ask for more details, our shares should start trading by the second week of July," he said.  Majority-owned by the Siriviriyakul family, KTIS will be the third sugar firm listing on the SET after Khon Kaen Sugar (KSL) and Khonburi Sugar (KBS). 

" The potential of the biomass sector is huge, and if we use our own [money], its progress may be too slow. We believe the sector in the long term will be a value addition that differentiates us from other sugar companies," said Mr Nathapun in an interview with the Bangkok Post.

 

" To date, the Group's order book stands at S$183.6 million worth of M& E engineering contracts lasting to 2016," said King Wan’s Managing Director, Ms Chua Eng Eng

SINGAPORE, 16 May 2013: MAINBOARD-LISTED King Wan Corporation Limited (King Wan or the Group) (庆 源 企 业 ), is pleased to announce that its wholly owned subsidiary, King Wan Construction Pte Ltd (" KWC" ) has secured six new mechanical and electrical (M& E) contracts in Singapore worth a total of S$28.4 million during the period from February to May 2013.

Ms Chua Eng Eng (蔡 莹 莹 ), Managing Director of King Wan said: " We are very glad to secure these new contracts in the midst of a very competitive business environment. This demonstrates our strength and depth as a reputable integrated building services and M& E services provider. With these six contracts, we are delighted that to date, the Group's order book stands at S$183.6 million worth of M& E engineering contracts that will last to 2016. We shall remain focused on delivering value to our clients by providing top quality and reliable services that will exceed our customers’ expectations."



Disclaimer : Vested so tracking this. Not enticement for anyone to buy or trade.