Double A under the Thailand corporation Advance Agro may consider to raise fund in Hong Kong
Double A is a manufacturer of paper products and stationery, primarily in producing A4 printing paper. Distribution points mainly focused in Southeast Asia and Europe
Advance Agro was listed in Thailand Exchange and de-listed in late 2007. Double A is the paper brand under Advance Agro
According to the Annual Report of Advance Agro, it was established in 1996 and is registered in Thailand. There was some business restructuring undergoing in recent years and certain interest is transferred to another company registered in Hong Kong
Major shareholders before de-listing included big investment banks, e.g. Credit Suisse, Citibank, The Bank of New York Mellon etc.
Double A paper product was distributed in over 100 points globally; China is one of the major markets of Double A recently, it is also expected to be the future growth driver
Advance Agro recorded profit of THB1.905 billion last year which represents a 26% growth
The Company has consistently issued bonds for restructuring purpose in recent years;
there is a total of USD250 million of bonds in the market which is due in 2012