STECH Closes 18% Higher on Its First Trading Day with a ฿2.49Bn in Value
STECH closed 17.99% higher or an increase of ฿0.50/share to ฿3.28/share on its first trading day, with a trading value of 2.49 billion baht.
Siam Technic Concrete Public Company Limited (STECH) closed 17.99% higher or an increase of ฿0.50/share to ฿3.28/share on its first trading day, with a trading value of 2.49 billion baht. The IPO of STECH is ฿2.78/share.
STECH is a manufacturer and distributor of prestressed concrete products under the trademark “STEC”, including prestressed concrete piles, prestressed concrete power poles and various prestressed concrete products for government and private sectors as well as providing product transportation and piling services.
The company also provides construction services specific to the company’s core business or construction work which it has demonstrable achievement and experience including installation of 115 kV high voltage transmission lines and design, supply and installation of fiber optic cables.