The Sri Trang Agro Industry Group (STA),a  major shareholder of STGT, is the world's largest producer and distributor of natural rubber. Charinya Chirojkul, president, Sri Trang Gloves. WhatsApp. Sri Trang Agro-Industry will retain control of Sri Trang Gloves after the IPO with a 50.7% stake, down from 73% before the deal. STGT and the Sri Trang Agro Industry Group (STA) have jointly developed concentrated latex that has been certified by the Forest Stewardship Council (FSC), an internationally accepted forest management organisation.

Copyright © The Indian Rubber Journal 2020. Please contact : Sirintip Yutika Mobile +66 80 818 8187. Phone:  +91 22 22812858, +91 22 22885355, +91 22 22824988. Thailand: Sri Trang Gloves prices Bt15bn IPO at top. As a freelancer he has worked for Forbes, The Wall Street Journal, Euromoney, the Scotsman and the BBC. Since the glove manufacturer’s plants are located close to rubber plantations, STGT has easy access to  low-cost latex supplies. There are 1.43 billion shares each with a par value of one baht ($0.03). Ever since it’s impressive first issue in July / August 1993, the IRJ has been highly acclaimed by rubber industry leaders and experts worldwide as one of the world’s foremost magazine for the international rubber industry. jQuery(document).ready(function () { function closeMessage(){jQuery('.error_wid_login').hide();} Sri Trang: IPO fiasco Sri Trang Agro company PCL listed on the SGX on Monday, a dual listing away from the Stock Exchange of Thailand, which is it's main listing board.

The rubber producer had said earlier it had cancelled the listing plan due to unfavorable market conditions. Corporate. Choose the e-newsletter(s) you wish to subscribe to*: UK HealthGlobal HealthMedical TravelUK Care. Sri Trang is the world’s third largest producer and distributor of rubber gloves for medical and industrial use, churning out more than 32.5 billion gloves per year. Jul 02.

Sri Trang Agro-Industry, Thailand's largest publicly traded rubber maker, said on Wednesday it had not scrapped a plan to list on the Singapore stock exchange and was still in talks on the initial public offering (IPO) price.. Thailand: Sri Trang Gloves prices Bt15bn IPO at top, Inspectors find ‘serious failings’ in care home, Hong Kong: Healthcare names soar on debut, https://www.laingbuissonnews.com/category/healthcare-markets-international-content/, New Zealand: Vital upsizes equity capital raise, China: Investcorp takes stake in Kindstar Globalgene, India: Manipal Health acquires Columbia Asia hospitals, France: Ambler completes its Series A round of funding, Europe: European healthcare companies raise early-stage funding.

}); Adrian Murdoch has more than 25 years’ experience as an international journalist.

The IPO, involving up to 444.78 million shares, comes at a time that the Bangkok-headquartered company is ramping up its production capacity to over 30 billion pieces this year to meet soaring global market demand driven by the coronavirus pandemic. Adrian Murdoch - 29th June 2020. STA will hold 50.7 per cent of STGT shares after the IPO. He covered debt capital markets for Reuters in Singapore throughout the Asian Financial Crisis, and then the European Central Bank in Frankfurt. Thailand’s largest manufacturer of rubber gloves, Sri Trang Gloves, is to launch an Initial Public Offering (IPO) to raise funds in order to support its expansion plans. 2020-04-26 12:00:00; Reporter; Thailand’s largest manufacturer of rubber gloves, Sri Trang Gloves, is to launch an Initial Public Offering (IPO) to raise funds in order to support its expansion plans. According to Mr Varah, STGT is expected to be listed on the Stock Exchange of Thailand (SET) within this year. Sri Trang Gloves Thailand, the country’s largest producer of medical gloves, has priced its initial public offering at the top of the range as investors rush to take advantage of the Covid-19-related boom in the sector. Twitter.

Ms. Jarinya noted that there has been continued growth the global rubber glove industry due to the rising demand from medical sector and hygiene-related product market around the world, especially as a means to prevent the spread of the coronavirus. A maximum of 444.78 million IPO shares will be available for subscription, representing no more than 31% of the total issued shares and paid up. A subsidiary of Sri Trang Agro Industry (STA), Sri Trang Gloves was created from the merger of rubber glove manufacturing and distribution companies to support business expansion.

Stay ahead and informed on the latest news of developments and trends across health and care. Last year, STGT revenue was up 10.3% from the previous year, at 12.22 billion baht ($376.5 million), and net profit was at 613.91 million baht ($18.9 million). Pinterest. LaingBuisson has been serving clients for over 30 years with insights, analysis and data on market structures, policy and strategy across healthcare, social care and education.

The company uses cutting-edge, world-class production technology and is conscious of  being environmentally friendly to communities where its plants are located. SRI TRANG AGRO-INDUSTRY PCL (NC2.SI) Bloggers Say Sri Trang Agro Latest News SRI TRANG AGRO-INDUSTRY PCL Latest News SGX Listed SRI TRANG AGRO-INDUSTRY PCL (SGX:NC2) Latest News NC2.SI Latest News 2020-09-16 19:35:32 Sri Trang Gloves Ready to Launch IPO.

All rights reserved. He started his career at World Link, the magazine of the World Economic Forum. With this ramped up capacity, STGT hopes to become the world’s third biggest rubber gloves manufacturer. Shares in Sri Trang Gloves (Thailand) (STGT) soared to 75 per cent of their initial public offering (IPO) price on their opening day of trading today, in the Stock Exchange of Thailand’s first IPO since the Covid-19 outbreak. The company’s shares hit a high of Bt60.25, from their IP0 price of Bt34, before falling back to Bt57.5 by the end of the morning session – up 69.12 per cent from the IPO price. The IPO allotment comes in four tranches: 432.78 million shares for the general public, institutional investors and the company's patrons; two million shares for the directors, executives and employees of STA, and subsidiaries; ten million shares for STGT directors, executives and staff (with four million of which are allotted on the IPO launch date and the remaining six million shares will be offered in the first and second years after the IPO launch); and any remaining shares from the second and third allotments (if any) will be offered to the general public, institutional investors and the company's patrons. He has been covering healthcare markets in Southeast Asia for the past four years.

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Brands under the STGT umbrella include Sri Trang Gloves, Satory, and I'M GLOVES. Varah Sucharitakul, Executive Director of Finansa Securities Co., Ltd., which serves as the financial advisor to STGT, said the company's current registered capital is 1.43 billion baht ($44 million) with 990 million baht ($30.5 million) paid up. jQuery('#login').validate({ errorClass: "lw-error" }); CEO of Sri Trang Gloves Thailand (STGT) Jarinya Jirojkul, said the company is working on boosting production capacity of natural rubber (NR) and nitrile rubber gloves, from 27.15 billion pieces in 2019 from 132 production lines at its three plants in Songkhla, Surat Thani and Trang, to a total of 32 billion pieces by 2020.
STGT’s  Surat Thani plant is certified ISO 14001: 2015, while its Hat Yai plant in Songkhla received the CSR-DIW continuous award for two consecutive years. The author of a number of books on the classical world, Adrian has written and presented documentaries for Netflix, the History Channel and PBS. STGT's operations include the production and distribution of latex gloves, both powdered and non-powdered, as well as the production and distribution of nitrile gloves which are made from synthetic rubber and used by medical personnel and industrial sectors. There has been strong demand especially from emerging markets such as East Asia, South Asia, Africa and South America. Finance Minister orders tax overhaul to boost post-Covid economy, SET extends gains with high trade volume of Bt117bn, How resiliency forms the strongest link in the digital supply chain, Thai stocks listed in MSCI indices attract foreign investors, Govt planning to extend co-payment shopping scheme as ‘New Year gift’, CKP sees Q3 net profit of Bt831.3m, plans to issue debentures, Tourism-related stock prices soar from positive news on Covid-19 vaccine, SET rallies over positive Covid-19 vaccine news, global trade recovery hopes, rising oil price, Gold cost drops further despite spot gold price rise, Korean soldier tests positive on return from Thailand, Three new returnees test positive for Covid-19, Cabinet annexes more land for EEC’s Silicon Valley, Cool to cold weather, strong wind forecast for upper Thailand, isolated heavy rain in South, Tech stocks lead market losses after big rally, ‘Let’s Go Halves’ shopping subsidy could be extended, Thailand BOI Approves New EV Package, and Over 35 Billion Baht in Large Investment Projects, Why Thailand’s Smart Electronics Sector Still Remains a Magnet for Investors, Thailand’s E&E, Food, Auto and Medical Sectors Lead Jan-Sep Rise in Investment, BOI Applications Data Shows, Strong Business Matching Results at Thailand Subcon Show Despite Covid-19, BOI Says, Booming Digital Industry boosts Thailand’s Smart Electronics, COVID-19 Spurs Thailand’s Rise as Global Medical Hub, Investors Taste Success in Thailand’s “Kitchen of the World”, Thailand has relaxed issue of tourist visas, says TAT, Royalist demanding PM ‘shut down’ Thailand not such an angel, Using golf courses for alternative quarantine will not benefit ministers, says PM, Three-finger symbol on BTS train angers netizens. The world’s third-largest medical glove manufacturer has sold 438 million shares, or a 30% share in the company, to…, var googletag = googletag || {};googletag.cmd = googletag.cmd || [];googletag.cmd.push(function() {googletag.defineSlot('/122450466/5_0_LB_News_Default_300x250', [300, 250], 'div-gpt-ad-1554719951263-0').addService(googletag.pubads());googletag.pubads().enableSingleRequest();googletag.enableServices();});Advertisement. Subscribe to our newsletter and get rubber industry news delivered to your inbox. Funds raise by the IPO will go towards increasing output, improving production efficiency, installing SAP business management system and used as a working capital.

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