Bangkok--Sep 21--SET
DCON Products Pcl. will list in the Property and Construction Group, Building and Furnishing Material Sector, on the SET, using “DCON” as its trading symbol.
The Chairwoman of the Capital Market Opportunity Center (CMOC) and the Market for Alternative Investment (MAI), Ms. Sopawadee Lertmanaschai, disclosed that The Stock Exchange of Thailand’s (SET) Board of Governors approved the listing of DCON Products Pcl.’s common shares on the bourse in the Property and Construction Group. The securities will commence trading from September 21, 2004, onwards.
DCON has THB200 mln. worth of paid-up capital, comprised of 160 million existing shares and 40 million shares in capital increase, each with a par value of THB1.00. DCON raised funds by offering 39 million shares to the public and another one million shares to its employees at THB 9.25 per share, on September 9 — 10. Kim Eng Securities (Thailand) acts as its financial advisor.
DCON Products Pcl. will have many uses for its new funds. Some will be used to repay its debts, and buy more shares in Rompo Products Co. Ltd., a manufacturer and distributor of concrete floor plank located in Lumpoon. DCON will also buy additional trucks for transporting its finished goods and buy land adjacent to its factory so that it can use the ground water from the new plot for production. In addition, the company will construct a mini-factory, and single or row houses and serviced apartments in the Orrada Land Project. Lastly, the remainder will be used as working capital.
DCON manufactures and distributes pre-stressed concrete floor planks and piles. The company’s major revenues are from the distribution of pre-stressed floors. Its main customer base is in the Bangkok metropolitan area.
The 3 largest shareholders of DCON are Mr. Wittawat Pornkul, Mr. Chana Towan, and the Sarasin Group, which hold 61.60%, 15.40%, and 3.00%, respectively, of DCON’s paid-up capital after its initial public offering. As to its dividend payment policy, DCON will pay out a minimum of 50% of its net profits after taxes.
For more information on DCON Products Pcl., please browse the company’s website, www.dconproduct.com, the SET’s website, www.set.or.th, and the SETTRADE.COM’s website, www.settrade.com
For more information, please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 /
Kulvida Jintakawong Tel: 0-2229-2037/
Nattaporn Boonprapa Tel: 0-2229-2049 End.
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