King Wan Corporation Limited Further Updates On KTIS

By Little Boy • April 27, 2014

I just got a response from King Wan Corporation Limited regarding some questions I raised up to them. My questions :

I will like to ask some questions relating to the listing of KTIS. I understand that the IPO will be listed on 28th April 2014. Will KingWan be liquidating all it's S$50m worth of KTIS shares? or will be holding onto some?Another question regarding the loan to associates. I understand that loans made to associates totalling S$54m; S$23m bears interest at 2.5% to 5% per annum, S$26m interest free. What are your views on it?

Here is their reponse

I believe King Wan's management will do their best to monitor the price movement of KTIS and hopefully offload some at the right price. I am confident that they are capable of doing so. KTIS will be listed at 10 Baht/Share. For every increase in 1 Baht/Share will ......