Shares of Union Petrochemical Plc will debut on the Market for Alternative Investment today under the symbol UKEM.
The importer and distributor of petrochemical products and commodity solvents floated 34 million shares in its initial public offering at 2.52 baht and a par value of one baht each.
UKEM vice-president Peerajed Suwannapasi said he was confident in the company's stock value despite recent bearishness in the market. He noted the company recently announced an interim dividend payment of 0.09 baht per share to be paid in December, and that funds would be used for business expansion.
Source: Bangkok Post 27 November 2006