Selic Corp aims to list on MAI
Selic Corp, a maker of speciality and high-performance adhesives, has filed with the Securities and Exchange Commission to list its shares in the Market for Alternative Investment, according to its financial adviser Asset Pro Management (APM)
Selic will be launch an initial public offering of 80 million shares priced at 50 satang per share. The proceeds from the issue will be spent on research and development to enhance its competitiveness and expand its local and foreign market bases.
According to Selic’s chief executive officer Eke Suwatthanaphim, the company’s adhesive products are used in many industries, including automotive, leather and furniture. With 30 years of experience in the business, it has been recognised by customers in 27 countries.
