Bangkok--Sep 29--SET
Workpoint Entertainment Pcl is to be listed under the Services Sector on September 29 using the symbol “WORK”, while T. Krungthai Industries Pcl will be trading on September 30 in the Industrials Sector using the symbol “TKT”.
The Chairwoman of the Capital Market Opportunity Center (CMOC) and the Market for Alternative Investment (MAI), Ms. Sopawadee Lertmanaschai, disclosed that the SET Board of Governors has approved two new listings—Workpoint Entertainment Pcl. And T. Krungthai Industries Pcl. shares, which are scheduled for their September 29 and 30, 2004 debuts respectively.
Workpoint Entertainment shares will be trading under the Services Sector, in the Entertainment and Recreation group, using the symbol “WORK”. Meanwhile, T. Krungthai Industries shares will be traded under the Industrials sector, in the Vehicles & Parts group, using the symbol “TKT”.
WORK has a total paid-up registered capital of THB200 mln. (approx. USD5.0mln.), is comprised of its original 160 mln. common shares and its additional 40 mln. shares in capital increase (equivalent to 20% of its total shares) with a par value of THB1.00 each. During September 20-22, the company offered 38 mln. shares in capital increase to the general public, its executive members and its employees at THB15.00 per share. The remaining 2 mln. shares in capital increase were offered to its board members, management team and employees at THB5.00 per share. National Securities Pcl is its financial advisor. WORK will use the proceeds from its capital increase of THB580 mln. (approx. USD14.5mln.) to build new studios and offices, expand its business and for its internal operation.
Workpoint Entertainment Pcl produces T.V. programs and printed media. Currently, it has a total of 14 T.V. shows on air, which include quiz shows, game shows, sitcoms, T.V. series and variety shows. During the first 6 months of the 2004 fiscal year, WORK’s total revenues were THB412 mln. (approx. USD10.3mln.), and net profits of THB95 mln. (approx. USD2.38mln.). WORK’s net profits were equivalent to 23 per cent of its total revenues. It has a dividend payment policy of not less than 50 per cent of its net profits after tax.
After the selling of its capital increase shares to the public, Mr. Panya Nirankul and Mr. Prapas Chonsaranont will remain the company’s major shareholders, each holding a 37% share of the company’s paid-up registered capital.
TKT’s paid-up registered capital amounts to THB208 mln. (approx. USD5.2mln.) is comprised of its original 168 mln. common shares, and an additional 40 mln. shares in capital increase, each with a par value of THB1.00. The company offered its capital increase to the general public on September 16-17 and 20 at THB4.10 per share. Seamico Securities Plc acts as its financial advisor. TKT will use the proceeds from its capital increase of THB164 mln. (approx. USD4.1mln.) to improve its factories, buy new machinery and equipment, repay its loans and as its working capital.
TKT is a producer of plastic parts and provides spray-painting and painting services. The company also provides an assembly service for plastic parts and designs, and repairs injection molds used for plastic part production in the automotive and electrical appliance industries. It is also an OEM producer. In the first quarter of this year, its total revenues amounted to THB132 mln. (approx. USD3.3 mln.), with net profits of THB7 mln. (approx. USD175,000). Thus, its net profits were 5.16 per cent of its total revenues. This is a decrease that was caused by higher sale and operation costs brought about by personnel expansion aimed at staffing its second factory. Its dividend payment policy offers a pay-out of not less than 40 per cent of its net profits after taxes.
The Techakraisri family is the principal shareholder of TKT, and holds 65.66 per cent of its paid-up registered capital after selling its capital increase shares to the public.
For those of you who are interested in more information on Workpoint Entertainment Pcl you can visit its website www.workpoint.co.th, and for more information on T. Krungthai Industries, please check out www.tkrungthai.com as well as The Stock Exchange of Thailand website at www.set.or.th or Settrade.Com at 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)--