Thongchai Phaerangsi, chief executive officer of the company, is confident that the shares would be actively traded following the apparent demand during the subscription period.
"Despite market volatility, the shares should be in demand due to our financial strengths. The debt to equity ratio after IPO would fall to below 1:1 from 1:1.9 at present. Demand for cranes is brisk, reflected through the huge increase in 2007 against 2006 due to demand from the industrial sector as well as large construction projects," he said.
Chu Kai's trading symbol on the Market for Alternative Investment is "CRANE".
Chu Kai and its subsidiaries are engaged in the sale, rental, and repair of heavy machinery used in construction and various industries, as well as in lifting and logistic services.
- The Nation