Bangkok--28 Jul--SET
The Stock Exchange of Thailand (SET) welcomes QTC Energy Pcl to its Market for Alternative Investment (mai). QTC, a leading transformer manufacturer, will list and start trading on July 28, under the ticker symbol “QTC,” after its initial public offering (IPO) in which it raised THB 100 million (approx. USD3.32 million).
QTC Energy manufactures and distributes transformers to domestic and overseas markets. It has a paid-up registered capital of THB 150 million, with a par value of THB 1 each. On July 20-22, it sold 50 million new shares at THB 2 baht each, of which 45 million shares were sold to the general public and the remaining 5 million shares to its directors and employees. Finansia Syrus Securities Pcl was the company’s financial advisor and underwriter.
“The transformer industry has promising growth following rising electricity demand of the household and industrial sectors, backed by the improving economy and rising population” mai President Chanitr Charnchainarong said. “The fundraising of QTC will support its business expansion and strengthen its financial status. This will be an investment alternative with quality and long-term potential growth,” he continued.
QTC CEO Poonphiphat Tantanasin noted: “We are pleased to list on the mai. This major milestone will further boost our competitiveness and strengthen our position as the country’s leading transformer manufacturer, accredited from various independent international standard organizations. The funds we have raised will be used for working capital and to complete construction of our new office building.”
P/E ratio of the transformer maker at its IPO price was 7.17 times, while its dividend policy is to pay no less than 50 percent of net profits after taxes and legal reserves. Its three major shareholders after the IPO are Mr. Poonphiphat Tantanasin’s group (68.59 percent), Ms. Phenjan Tae-arak (4.37 percent) and Mr. Supakorn Emasuda (0.75 percent).
For more information on QTC, please see the company’s prospectus at the Securities and Exchange Commission’s website at www.sec.or.th and general information at the company’s website at www.qtc-energy.com
About the Market for Alternative Investment (mai):
As part of The Stock Exchange of Thailand (SET) group, the mai provides an alternative stock market, focusing on small and medium-sized enterprises with high potential. It commenced operations in 1999. Listing on the mai is a key step in the firm’s progress, helping bring the company up to international standards, strengthening its competitiveness, boosting its image and credibility, improving its staff’s morale, and enabling it to better attract and retain top-quality employees. As of June, there were 69 firms listed on the mai, with a total market capitalization of THB 80.33 billion (approx. USD2.68 billion). Further information on the mai and SET can be found at www.set.or.th
For more information, please contact S-E-T Call Center 0 2229 2222
Members of the media should contact the Public Relations Unit, Corporate Communications Dept.: Ladawan Kantawong, tel: 0-2229-2036 / Arada Kultawanich, tel: 0-2229-2796