PACE 1st Trading Day
Following the subscription period July 29-31, 2013, on August 7, PACE entered a
new chapter, entering the main board of the Stock Exchange of Thailand (SET).
“The listing reflects our leadership in the high-end sector of the market,” explained
PACE CEO Sorapoj Techakraisri. “We already have MahaNakhon underway, so
by raising new capital, we are able to increase the number of future projects, and
will be speeding up our plans to introduce Langsuan, MahaSamutr Hua Hin and
more in the future.”
The majority of funds raised are set aside for new developments, as MahaNakhon
is already fully funded, although a proportion of the funds was used to purchase
back shares in MahaNakhon from joint venture partner IBC. Attendees at the
first day of trading enjoyed speeches from Asia Plus, The Stock Exchange of
Thailand and PACE, before watching as the stocks started trading for the first
time, under the PACE symbol.