Thai Credit Retail Bank (TCRB) has submitted filings to the Securities and Exchange Commission for an initial public offering (IPO) on the Stock Exchange of Thailand by the end of this year.
According to the filing, the bank aims to float 347,029,122 shares at a par value of 5.00 baht apiece. Of the total, 64,705,890 are newly issued ordinary shares, while the rest are the existing ordinary shares owned by OCA Investment Holdings I Pte. Altogether, the IPO shares would represent no more than 28.2% of the total issued and paid-up ordinary shares after the listing.
