PACE Successfully Places 960 MB of Shares to Global Institutional Investors Through PP
26 July 2016
PACE Development Corporation Plc. (SET symbol PACE) today announced the company has successfully placed 960 Million Baht worth of shares to institutional investors through Private Placement (PP) share offerings under the General Mandate approved at the company’s latest EGM. The 320 million newly-issued shares were offered at 3.00 Baht/ share. The internationally renowned institutional investors include Templeton who booked 50% of the total offering, with the remainder subscription by other large institutional investors such as AIA, Millennium and Oasis. The Lead Underwriter for this PP share offering was Asia Plus Securities and the Placement Agent was CLSA Singapore Pte Ltd.