Sri Trang Agro-Industry Pcl, Thailand’s biggest publicly traded rubber producer, wants to raise about $280 million ($361 million) from a share sale in Singapore, according to the term sheet obtained by Bloomberg News.

Sri Trang will sell as many as 280 million shares to individual and institutional investors as part of the listing plan, according to a prospectus sent to the Monetary Authority of Singapore dated today. The company in August delayed the plan, citing “volatility” in global equity markets.

 

The Singapore public offering will take place from Jan. 20- 24. The price will be set on Jan. 24 and the listing on the local stock exchange is expected on Jan. 28, according to the term sheet.

 

J.P. Morgan (S.E.A.), units of CIMB Bank Bhd and Standard Chartered Securities (Singapore) are managing and underwriting the sale, according to the prospectus.

 

Shares of Sri Trang, last year’s best performer among 478 members traded on the Stock Exchange of Thailand, slid as much as 7.3% to 38 baht today after climbing to a record of 41.25 baht yesterday. Sri Trang has risen 10% this year, extending last year’s gain of nearly 700%. The Stock Exchange of Thailand index has fallen 0.2% this year.