Kerry Express Thailand, the country’s leading parcel delivery provider, has submitted an initial public offering filing to the Securities and Exchange Commission in preparation to offer up to 300 million IPO shares to the public.
The company, which was established in 2006, will become the first parcel delivery firm to launch an IPO on the Stock Exchange of Thailand (SET) index.
Referring to the IPO, Alex Ng, chief executive of Kerry Express Thailand, told the Bangkok Post the company wants to makes its name as “a homegrown Thai brand for logistics services”. Read more…..
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There’s a 1-in-4 chance the economy could fall into a double-dip recession, according to a majority of economists surveyed by the National Association for Business Economics. CNBC’s Steve Liesman reports
