Thai naval shipyard Marsun is aiming to launch an initial public offering (IPO) to support its planned expansion, the company’s CEO told Jane’s on 19 November.
Speaking at the Defense and Security (D&S) 2019 show in Bangkok, Patrawin Chongvisal said the Thai stock exchange listing will support Marsun’s efforts to build bigger naval ships, pursue exports, and to strengthen its profile in commercial markets.
The IPO was originally intended to take place in 2018 but has been held back as it waits for more favourable market conditions, said Patrawin. The listing is now expected to take place after 2020, he said.
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