TPI Polene Public Company Limited announces an Equity Buyback for 383,610,000 shares, representing 2% for THB 800 million.
January 30, 2020 at 05:08 pm IST
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TPI Polene Public Company Limited (SET:TPIPL) announces a share repurchase program. Under the program, the company will repurchase up to 383,610,000 shares, representing 2% of its issued share capital for total worth of THB 800 million. The repurchase price shall not exceed 115% of the average closing price of 5 business days prior to each repurchase date. The purpose of the share repurchase is to enhance the rate of return on equity and earning per share. The program is valid till August 13, 2020. As of December 27, 2019, the company had 19,180,500,000 shares in issue.
TPI Polene Public Company Limited is a Thailand-based company, which is engaged in the manufacturing and distributing of cement products and mortar cement under the brand name TPIPL. The Company operates through four segments: Construction Materials, Petrochemical & Chemicals, Energy & Utilities, and Agriculture. The Company operates in three industries and has 18 distribution terminals around the country. It operates in the cement industry at Kang-Khoi, Saraburi, and has eight plants consisting of four cement manufacturing plants and four dry mortar manufacturing plants. It operates in the construction materials industry at Amphur Chalermprakiet, Saraburi and has cement roof tiles and fiber cement board manufacturing plants. It operates in the plastic industry at Amphur Muang, Rayong and has two low-density polyethylene (LDPE) and ethylene-vinyl acetate (EVA) plastic manufacturing plants. Its subsidiaries include Key management personnel, Pornchai Enterprise Co., Ltd., and more.
TPI POLENE 
