Thai Oil: IPO barrelling to success

Thai Oil launches roadshows for South East Asia''s largest IPO of the year.
September 22, 2004

Roadshows began in Hong Kong yesterday (September 27) for a Bt24.3 billion ($588 million) to Bt28.8 billion ($697 million) IPO of Thai Oil, the refining arm of state oil giant PTT. The flotation, which is scheduled to close on October 12, appears to heading towards a blowout success after being timed to perfection.

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