Bangkok--Sep 17--SET
The SET has approved the listing of DE Capital Pcl.’s common shares on the bourse. The securities will commence trading in the Technology Group September 17 using “DE” as trading symbol.
The Chairwoman of the Capital Market Opportunity Center (CMOC) and Market for Alternative Investment (MAI), Ms. Sopawadee Lertmanaschai, disclosed that the SET Board of Governors has approved the listing on the Exchange of DE Capital Pcl.’s securities in the Technology Group. Trading will start from September 17, 2004 onwards and the Company will use “DE” as its trading symbol.
DE Capital Pcl., or “DE”, has a total of THB 480 mln. in paid-up capital, comprised of 370 mln. existing shares and 110 mln. shares in capital increase, each with a par value of THB 1.00. The Company sold its capital-increase shares to the public at THB 4.30 per share on September 9 -10. Of the fundraising proceeds, it will use THB 325 mln. to repay its debts to financial institutions, and use THB 148 mln. as working capital. It has Asia Plus Securities Pcl. as its financial advisor.
DE has engaged in several hire purchase businesses for Distar branded products. The products range from home electrical appliances, white goods, and office equipment, to motorcycles and various other products. These wide ranges of products are accompanied by before- and after-sales services, e.g., home delivery, customers information analysis, installment bill collection services, and repair services. DE’s enterprises target customers living in Thailand’s non-municipal areas. Its best-selling product is color televisions, which generate approximately 78% of its total revenues.
DE aims to expand its branches from 70 to 180 by the year 2007 and to increase its dealer network from 315 to 600 dealers within the next two years. Moreover, it will also apply the department store concept to sell a complete range of electrical appliances, furniture and home equipment.
Currently DE has 3 major shareholders: Distar Electric Corporation Pcl., the Wattanasombat and Jirayus families, and Mr. Nipon Nattavut, holding 21.75%, 20.33% and 7.74% of DE’s paid-up capital after the IPO, respectively. As to its dividend payment policy, it will pay out dividends twice a year, for a total amount of at least 40% of its net profits after corporate taxes and legal reserves.
For more information on DE Capital Pcl., please browse the company’s website, www.decapital.co.th, the SET’s website, www.set.or.th, or SETTRADE.COM’s website, www.settrade.com
For more information, please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kulvida Jintakawong Tel: 0-2229-2037 / Nattaporn Boonprapa Tel: 0-2229-2049 End.
--InfoQuest (NT)--