Bangkok--13 Jan--The Way Communication
Mrs. Pratana Mongkolkul, Chairperson of Executive Committee of MC GROUP (MC TB), reveals that during the roadshow, MC shares have been well-received by foreign insitutional investors due to the Company’s solid business foundation and strong financial results with 23% growth in net profit for the first 9 months of 2013.
“We are pleased to announce that on January 10, 2014, MINDO ASIA INVESTMENTS LIMITED, a wholly owned subsidiary of Lombard Asia IV L.P. and NTAsian Discovery Fund have made strategic investments for an 8.75% and 4.38% stake in the company respectively.”
Following the above transactions, MC GROUP shareholder structure is as follows:
Name No. of shares %
Ms. Sunee Seripanu 302,265,400 37.78%
Mr. Pichai Karnjanarporn 100,000,000 12.50%
MINDO ASIA INVESTMENTS LIMITED(1) 70,000,000 8.75%
NTAsian Discovery Fund(1) 58,000,000 7.25%
Mrs. Pratana Mongkolkul(2) 30,871,000 3.86%
Mr. Virach Seripanu(2) 30,800,000 3.85%
Others(2) 208,063,600 26.01%
Total 800,000,000 100.00%
Note: (1) New major shareholders
(2) Shareholding as of 6 January 2014 - book closing date
Ms. Sunee Seripanu, Chief Executive Officer of MC GROUP, adds that “We are pleased to welcome MINDO ASIA INVESTMENTS LIMITED and NTAsian Discovery Fund as strategic investors in MC GROUP. Their Investments reflect the confidence in the strong underlying fundamentals and growth prospects of the company as both funds are well-reputable as long-term investors investing in leading companies in Asia that offer superior long-term growth potential and competitive advantages.”
Mr. Surasak Khaoroptham, Managing Director of Lombard Investments says that “MC GROUP’s sector-leading position and extensive market penetration throughout Thailand make it a strong vehicle for growth. As long-term investors with more than fifteen years of experience working with successful Thai enterprises, we look forward to assisting MC GROUP’s professional management to further consolidate its domestic position as well as expand into other promising ASEAN retail markets.”
Mr. John Thompson Exeuctive Director of NTAsset says that “We are impressed with MC GROUP’s management and established track record and are excited by the opportunity to be part of a business which we believe could become a leading lifestyle business in the region.”
As the shares were only available to local investors during its Initial Public Offering (IPO) in July of last year, this transaction will help MC increase Foreign Institutional Investors holdings in the company. However, the change in the shareholding structure has no impact on the Company’s management structure, business policies and operations.
About MINDO ASIA INVESTMENTS LIMITED: Incorporated in Hong Kong, MINDO ASIA INVESTMENTS LIMITED is a wholly owned subsidiary of Lombard Asia IV L.P. Lombard Asia IV L.P. is a USD 350 million private equity fund sponsored by Lombard Investments, Inc. The fund focuses on long-term investments in leading-growth oriented companies in Southeast Asia with strong competitive advantages.
About NTAsian Discovery Fund: NTAsian Discovery Fund was incorporated in Cayman Islands in 2005 with current total assets under management (AUM) of around USD 640 millions. The fund specializes in long-term investments in “undiscovered small cap companies” in Asian markets (ex Japan).