Bangkok--14 Mar--SET
The Stock Exchange of Thailand (SET) welcomes P.C.S. Machine Group Holding pcl on its main board, the second new SET company listing in 2014, on March 14, under the ticker symbol "PCSGH", having raised THB 3.35 billion (approx. USD 103 million) via initial public offering (IPO).
SET Executive Vice President Chanitr Charnchainarong said that PCSGH’s listing, in SET's Automotive sector, would be a significant step forward for the firm. The Thai automotive industry’s growth was promising as it was one of the key drivers of the Thai economy as Thailand is recognized as a top class automotive manufacturing base in ASEAN. Thus, the Thai capital market should be able to enhance the strength of PCSGH. PCSGH is a holding company owning stakes in three subsidiaries involving automotive parts, which are P.C.S. Precision Works Co., Ltd., P.C.S. Forging Co., Ltd., and P.C.S. Die Casting Co., Ltd. Its main customers are leading automotive producers, namely Auto Alliance (Thailand), the GM Group, Isuzu Motors, Toyota Motors, as well as tier-1 level auto part producers such as Continental Automotive, Kayaba, ZF, etc. PCSGH has a paid-up registered capital of THB 1.55 billion (USD 47.7 million), consisting of 1.16 million existing and 389 million newly-issued shares, with a par value of THB 1.00 each. The company offered the newly-issued shares through an IPO at THB 8.60 per share during March 5-7, for a total of THB 3.35 billion (USD103 million). Bualuang Securities pcl is the company’s financial advisor and co-lead underwriter with SCB Securities Co., Ltd. PCSGH founder and Vice Chairman Siripong Rungrojkitiyos said that it is an honor to list on SET and raise funds for debt repayment and expansion to be ready for the advent of the ASEAN Economic Community in 2015. PCSGH's three major shareholders after the IPO are Siripong Rungrojkitiyos (37.41%), Wanna Raomanachai (37.41%) and Bualuang Long-Term Mutual Fund (1.11%). The IPO price had a price-to-earnings ratio of 9.66 times, calculated by using net profits over the past four quarters (from January-December 2013), divided by number of fully-diluted shares, representing earnings per share of THB 0.89. PCSGH’s dividend policy is to pay no less than 50 percent of net profits after taxes and reserves.For more information on PCSGH, please visit the company's prospectus at the Securities and Exchange Commission's website: www.sec.or.th , general information at the company's website: www.pcsholding.com and SET website: www.set.or.th . SET group: “Matching Your Right Financial Opportunities”
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