Bangkok--24 Feb--SET
The Stock Exchange of Thailand (SET) will list S 11 Group pcl, a motorcycle hire purchase finance company, on February 25, under the ticker symbol "S11”. The company has a market capitalization at its initial public offering (IPO) of THB 3.25 billion (approx. USD 98.45 million).
SET Executive Vice President Chanitr Charnchainarong said, S 11 Group pcl would list in the Finance & Securities sector on SET. The company was a motorcycle hire purchase finance company focusing on retail customers for new motorcycles of such popular brands as Honda, Yamaha, Suzuki and Kawasaki, providing services in Bangkok, suburbs and many provinces in Thailand covering Chonburi, Ayudhya, Chachoengsao, Rayong and Chanthaburi, as well as through its network of 139 branches.
S 11 has a paid-up registered capital of THB 613 million, consisting of 533 million existing common shares and 80 million newly issued shares, with a par value of THB 1 each. During February 11-13, the company offered newly-issued shares to the general public via IPO, at THB 5.3 each, for a total of THB 424 million. Trinity Advisory 2001 Co., Ltd. is its financial advisor, while Trinity Securities Co.,Ltd and UOB Kayhian Securities (Thailand) pcl are its underwriters.
S11 Managing Director Surasak Khemthongkham said the company was honored and really pleased to list on SET. The fund raised would be used as working capital to strengthen company’s financial status. S11’s executives had more than 20 years of experience with deep knowledge and understanding of the industry. As such, this listing would support the company to expand its market share corresponding to future business growth in the long run.
S11’s three major shareholders after the IPO are Samart Chiradamrong group (30.01 percent), Richard Wee Keng Kwok group (15.82 percent) and Sirawat Wanglee group (9.96 percent). The IPO price was set by a booking building process and equivalent to price per earnings ratio (P/E ratio) of 20.38 times. S11's P/E ratio was calculated by using the company's net profit in the past four quarters (Q4 2013 - Q3 2014) divided by fully diluted shares, representing earnings per share of THB 0.26. S11’s dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
For more information on S11, 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.sgroup.co.th as well as www.set.or.th .
Members of the media please contact the Public Relations Unit, Corporate Communications Dept.:Arada Kultawanich tel: +66 (0) 2229 2796 / Darawan Maleesri tel: +66 (0) 2229 2798 / Kanokwan Khemmalai tel: +66 (0) 2229 2048.