Bangkok--23 Sep--Master Mind Communications
IPO shares of Winner Group Enterprise are open for subscription by general investors at THB 2 each this September 25-27 and expected to be listed on the MAI on October 3, with Thanachart Securities acting as financial advisor and lead underwriter.
On 23 September 2013, Winner Group Enterprise Public Company Limited organised a signing ceremony appointing Thanachart Securities Public Company Limited as lead underwriter for an initial public offering of its capital-increase ordinary shares, with Finansia Syrus Securities Public Company Limited and KT-Zmico Securities Company Limited as co-underwriters.
Ms. Suvabha Charoenying, Managing Director of Thanachart Securities, the financial advisor and lead underwriter, revealed her client’s plan to raise its capital by making an initial public offering of 88 million ordinary shares, or 22% of its authorised and outstanding ordinary shares (after this offering), at THB 2 per share, and that the shares will be available for subscription this September 25-27 and listed on the Market for Alternative Investment, or the MAI, on October 3, 2013.
The filing for listing of the Company’s shares on the MAI, she noted, was proceeded as part of its efforts to enhance its capacity to support future expansions, win more confidence from its business partners and suppliers and promote professionalism, credibility, transparency and accountability, which will, in turn, boost the confidence of the parties who are becoming its stakeholders in the near future.
“As the financial advisor, we believe that Winner Group Enterprise’s shares will be warmly welcomed by the investors. The Company is a full-service food firm, importing, manufacturing and selling raw materials, ingredients, and food chemicals for food processing and bakery industries from all parts of the world under both global and house brands . It has three decades of experience in the field, and its management and teams are equipped with excellent knowledge of and expertise in food science. In addition, its customers in the food industry total more than 1,500. All these allow its operating results to improve robustly and reflect the overall confidence in it,” she said.
Mr. Jane Wongisariyakul, Managing Director of Winner Group Enterprise, highlighted the Company’s strengths in terms of product under world class brands with high quality and variety of product with over 500 available items, as evidenced by its quality certificates and certificates of compliance with manufacturing standards and product safety. Its products, he added, meet the unique demands and requirements of the food businesses, and it ensures that members of the sales team have adequate knowledge about food technology to give technical advice on specific products. He also noted the Company’s focus on increasing its efficient distribution channels for both the industrial and food services customers, which numbered more than 1,500 and the 1,600 retail outlets across Thailand, as a way to ensure continuous growth in sales revenue.
In 2012, the Company reported total revenue at THB 1,411.1 million, a jump by THB 118.3 million from 2011. For the first half of 2013, its total revenue was THB 663.8 million and its net profit was THB 37.3 million.
“Today, we are very pleased to open the door of opportunity to the investors who are interested in joining us and enjoying our business growth. Our management and employees are fully dedicated to building business strengths and meeting our business goals,” said he.