Unique Plastic Industry Uses 228 Million Baht of IPO Proceeds to Pay Debt, Working Expenses
Unique Plastic Industry (BKK:UNIX) has used 200 million baht at the end of June, from the 328.18 million baht raised from its initial public offering, to repay its debt and that of its subsidiaries owed to financial institutions, according to a Thursday filing to the Thai stock exchange.Earlier this year, the company had conducted its IPO of 180 million newly issued ordinary shares at an offering price of 1.89 baht per share.Of the total, the company has also used 28.2 million baht for working capital for business operations.The company still has 100 million baht remaining for the allocated purpose of investment in machinery, tools and equipment, including potential related businesses, to support the growth of the company and its subsidiaries.
