THAILAND: S&P to open first Thai restaurant chain in US
S&P Syndicate Plc is making an unprecedented entrance into the US market, with plans to open two Patara Thai restaurants in Los Angeles and Maryland. The company, which controls the S&P restaurant and bakery shop chain, will fund the venture through the issue and sale of 45m new shares (35m of which will be set aside for existing and new shareholders, while 10m will to be offered to the general public). Each US restaurant will cost around Bt30m (US$0.67m) and S&P expects the share issue to generate Bt225m and boost registered capital to Bt525m.
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