While the public continues to shame a school band for fleecing Ichitan CEO Tan Passakornnatee for THB3.1 million, it probably shouldn’t worry about him too much.
When 300 million shares are floated today in Ichitan’s initial public offering, the company’s expected to bring in nearly THB4 billion.
Soaring temperatures should only strenghten the company’s position.
“It’s hotter than usual this year,” Tan said. “So the sales of our drinks are set to rise.”
Offered at THB13 per stock, the shares will be available through Friday, with ICHI going live on the Stock Exchange of Thailand on April 21, Khaosod reported.
Photo: Tan Passakornnatee
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