#PQS #Track stocks-Company stocks Premier Quality Starch Public Company Limited, or PQS, is trading on the Stock Exchange of Thailand (SET) for the first day. The opening price is 14.00 baht, an increase of 133.33% from the IPO price of 6.00 baht per share.
PQS stock price movement opened at 14.00 baht, an increase of 8.00 baht, or 133.33%, from the IPO price of 6.00 baht per share. The latest price was 12.80 baht plus 6.80 baht, or 113.33%, with a trading value of 617.43 million baht.
PQS operates the business of producing and distributing tapioca starch (native starch) and modified tapioca starch (modified starch) under the brands PQS and TWO CRANE. The products are mainly sold to business operators in the food industry for use as ingredients in the production of food products. Such as bread, noodles, sauces, and sweeteners. Including other processing industries not related to food, such as the paper industry, textiles, medicine, etc.
In addition, PQS also engages in the business of producing and distributing electricity from biogas. (Biogas) by using agricultural waste materials from the cassava starch production process to generate electricity, which can reduce environmental impacts, generate stable income for the group of companies, and support the concept of a green economy.
PQS has paid-up capital after the offering of 670 million baht with a par value of 1 baht per share, consisting of 500 million existing common shares and 170 million additional common shares, offered for sale to the general public for the first time (IPO) 170 million shares at a price of 6 baht per share, representing a fundraising value of 1,020 million baht and a securities value at the IPO price of 4,020 million baht, with Fin Plus Advisory Company Limited serving as a financial advisor and Finansa Securities Company Limited is the underwriter and underwriter of the common shares.
For the money received from this fundraising It will be used as an investment to expand the production capacity of cassava starch and construct additional biogas power plants. Repay a loan from a financial institution and use it as working capital for the business.
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