Thai Tap Water IPO suffers further setback
- From: Vol 9, Issue 2 (February 2008)
- Category: General
- Region: Asia
- Country:
- Related Companies: Ch. Karnchang, Kasikorn Securities, Pathum Thani Water and Thai Tap Water Supply
The plan to float 25% of the Thai water concessionaire has stalled again. There seem to be plenty of excuses.
Thai Tap Water’s long-awaited initial public offering is set to encounter further delays, according to its financial advisor Kasikorn Securities. K-Sec chairman Rapee Sucharitakul stated on 22 January that poor market conditions were to blame for the postponement, which is likely to push the deal into the second quarter of 2008.
The IPO of 25% of the company’s ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
