Boonthavorn gets green light for planned offering

An independent home retailing chain in Thailand that has links to industrial conglomerate Siam Cement Group (SCG) has secured the green light for its planned debut on the Thai bourse. An update posted on the Stock Exchange of Thailand shows that the initial public offering of Boonthavorn Retail Corporation Public Company Ltd. has been approved, although the listing date and the pricing have not yet been disclosed.

Boonthavorn,  a 47-year-old company that sells tiles, sanitary ware, kitchen utensils, lamps, lighting equipment and other home products along with integrated furniture through eponymous outlets as well as through stores owned by its joint venture with SCG, plans to sell a 25 per cent stake in the company to the public, or no more than 320 million shares.  It will be using “BOON” as its ticker.

Boonthavorn earlier said that the proceeds from the listing would be used for business…