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BRIEF-Kingsgate Consolidated update on status of Thai IPO

Published 05/10/2015, 10:25 am
Updated 05/10/2015, 10:28 am
© Reuters.  BRIEF-Kingsgate Consolidated update on status of Thai IPO
KCN
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Oct 5 (Reuters) - Kingsgate Consolidated Ltd KCN.AX :

* Update on status of thai IPO KCN.AX

* Refers to statement issued by the Securities and Exchange Commission of Thailand on 2 October 2015

* Was not aware that the application for the initial public offering had been rejected by the Securities and Exchange Commission

* Says as far as the company was aware, the initial public offering application was still under consideration

* Kingsgate understands the statement refers to the proposed initial public offering of its subsidiary, akara resources

* Board was considering making an application for deferral of the listing process due to ongoing market conditions

* Is now seeking urgent clarification from Securities and Exchange Commission of Thailand in relation to its announcement on 2 October 2015

* If granted, the company would have been able to re-activate the application for the initial public offering at any time

* Source text for Eikon ID:nASXc85xLB

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