Bangkok--25 Nov--SET
The Stock Exchange of Thailand (SET) welcomes Namyong Terminal pcl on its main board, listing in the Transportation and Logistics sector on November 25 under the ticker symbol "NYT," with market capitalization of THB 7.38 billion (approx. USD 234 million) after IPO.
SET Executive Vice President Chanitr Charnchainarong reported that NYT is a marine terminal offering full-range services for auto imports and exports at pier A5, Laem Chabang Port, Si Racha, Chonburi—which is Thailand’s main deep sea port, located near the country’s automotive production base. The company’s services include marine transportation, cargo and warehouse, shipping services as well as other marine transportation related services.
NYT’s paid-up registered capital is THB 620 million; consists of 414.50 million existing and 205.50 million newly-issued shares, with a par value of THB 1.00. The company offered the newly-issued shares to the general public at THB 11.90 per share during November 13-15, for a total of THB 2.45 billion. Tisco Securities Co., Ltd. is the company's financial advisor and their lead underwriter.
Thepparak Luangsuwan, NYT’s CEO said, "IPO proceeds will be used to repay financial institutions in order to reduce the company’s financial costs, to facilitate business expansion, and retained as working capital. In addition, NYT together with NYK company group, the world’s leading marine transporter; invest in Laem Chabang International Ro-Ro Terminal Ltd. at Pier C0. Thailand’s automotive industry is expected to continually grow, since the Thai government is promoting Thailand as Asia’s automotive production center.”
NYT's three major shareholders after the IPO are Nam Yuen Yong Shipping Co.,Ltd (20.32%), Noree Suksawat (20.05%) and Thepparak Luangsuwan (15.62%). The IPO price was determined by the book-building method. NYT has a price-to-earnings ratio of 20.35 times, calculated using net profits over the past 12 months (July 1, 2012 - June 30, 2013), and divided by the number of fully-diluted shares, resulting in earnings per share of THB 0.58. Their dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
For more information on NYT, 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.namyongterminal.com and www.set.or.th
For more information, please visit www.set.or.th
Members of the media should contact the Public Relations Unit, Corporate Communications Dept.:
Kanokwan Khemmalai, tel: +66 (0) 2229 2048 / Arada Kultawanich, tel: +66 (0) 222 2796