Thai shipbuilder Marsun plans IPO to support expansion

22 December 2016

Thai naval shipyard Marsun has disclosed to IHS Jane's plans to launch an initial public offering (IPO) in a bid to expand significantly over the coming few years.

A senior company official said on 21 December that the IPO is likely to be carried out in 2018, with shares to be listed on the Thai stock exchange. He said Marsun plans to finalise the IPO proposal in the second or third quarter of 2017.

Outlining the rationale of the listing, the official said, "Basically, we will expand our shipyard into other locations [in Thailand], focusing on bigger vessels and expanding our business into activities related to unmanned vehicles."

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