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Thailand : CARABAO GROUP plans to raise Bt250 million from CAPITAL MARKET

May 19, 2014

Carabao Group is projecting to raise more than Bt250 million from the capital market after filing an application to the Securities and Exchange Commission in late June for an initial public offering.

It is anticipated by the company to trade 250 million shares, constituting 25% of its registered capital on the Stock Exchange of Thailand by the end of this year.

At the same time, the group will become the holding company of the Carabao Dang energy drink firm, Tawandang DCM, distributor of Carabao Dang energy drink, and bottle maker Asia Pacific Glass.

The company is launching an electrolyte beverage called Start Plus Zinc in other development.

With zinc as the main ingredient, the company claims this product will refresh and rejuvenate the body and revitalise personal appearance. The Carabao Group is targeting people who spend their lives outdoors, such as athletes and sports lovers. It aims to achieve 10 per cent of the electrolyte-drinks market by the end of this year.

Kamoldist Samuthkochorn stated that he was confident that Start Plus Zinc would energise the electrolyte-drinks market, which last year was valued at around Bt6 billion.

It hopes to sell 5 million bottles per month of Start Plus Zinc this year.

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Source: TendersInfo (India)

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