KUN Kicks Off the First Trading Day with a Plummet of 8% to Trade at ฿1.02/Share

Villa Kunalai Public Company Limited (KUN) has kicked off its first trading day with a plummet of ฿0.08/share or 7.8% at the open to trade at ฿1.02/share, lower than the IPO of ฿1.10/share with a trading value of 9.8 million baht in MAI market.

KUN asserted that the funding worth 165 million baht from selling its IPO will be used to develop its housing estate, expand its projects surrounding Bangkok. Moreover, the funding will be used to invest in two of KUN’s future projects worth 2,172 million baht and the projects that are currently in operation.