Bangkok--28 Sep--SET
The Stock Exchange of Thailand (SET) will list JWD Infologistics pcl, a leading fully-integrated logistics service provider on September 29, under the ticker symbol "JWD". The company has a market capitalization at its initial public offering (IPO) of THB 6.6 billion (approximately USD 183.3 million).
SET Executive Vice President Santi Kiranand said that JWD would list on SET in Services industry, Transportation & Logistics sector. JWD, an integrated in-land logistics and supply chain management service provider, offered warehouse services everywhere including tax- free zone, general zone and free zone warehouse; domestic & cross-border transportation and distribution; domestic & international house and office moving; to record & information management, with cutting edge information technology for maximum efficiency and speed to serve customer needs.
JWD has a paid-up registered capital of THB 300 million, consisting of 480 million existing common shares and 120 million newly issued shares, with a par value of THB 0.50 each. It offered newly issued shares to the general public via IPO during September 21-23 at THB 11 each for a total of THB 1.32 billion. Kasikorn Securities pcl is the financial advisor and underwriter.
JWD Chief Executive Officer Charvanin Bunditkitsada said that being enlisted in SET would strengthen the company's financial capability. The fund raised would be for our working capital, debt repayment and business expansion. With the commitment to develop information technology management and enhance services in line with international standards, JWD has been gearing toward becoming a leader of integrated logistics service provider in Asia.
JWD's three major shareholders after IPO are Mr.Charvanin Bunditkitsada group (50.44 percent), Mr. Jitchai Nimitpanya group (18.24 percent) and Mindo Asia Investments Limited (4.00 percent). The IPO price was equivalent to price-to-earnings ratio (P/E) of 34.79 times, calculated by using the net profit in the past four quarters (from Q3/2014 to Q2/2015) divided by the number of fully-diluted shares, representing earnings per share of THB 0.32. JWD's dividend payment policy is to pay no less than 40 percent of net profit (from the separate financial statement) after taxes and reserves.
For more information on JWD, 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.jwd-group.com, as well as www.set.or.th.