Bangkok--Oct 20--SET
SNC Former Pcl. will list in the SET’s Technology Group with THB 200 mln. worth of paid-up capital. It successfully offered 60 mln. capital increase shares to the public at THB 3.80 per share in mid-October.
The Chairwoman of the Capital Market Opportunity Center (CMOC) and the Market for Alternative Investment (MAI), Ms. Sopawadee Lertmanaschai, disclosed that the SET’s Board of Governors has approved the listing of SNC Former Pcl.’s securities on the Exchange. The securities will be listed in the Technology Group, Electrical Products and Computer Sector, starting from October 21, 2004, onwards using “SNC” as their trading symbol.
SNC has THB 200 mln. (approx. USD 4.88 mln.) in paid-up capital, comprised of an existing 140 mln. shares plus 60 mln. shares in capital increase, each with a par value of THB 1.00. The company sold its capital increase shares in its initial public offering (IPO) on October 11 — 12, 2004, at THB 3.80 per share. It plans to use the fundraising proceeds to invest in machinery and equipment, a joint-venture with a foreign partner, and use the remainder as working capital. As for its dividend payment policy, SNC will pay out no less than 50% of its total profits after taxes and legal reserves.
SNC manufactures air-conditioning components, made of aluminum or copper pipes, for use in automobiles and buildings. Its products are mainly used for further assembly by its customers.
SNC Holding Co., Ltd. is SNC’s principal shareholder, holding a 50.50% stake of its paid-up capital. SNC Holding is held by a group which includes Mr. Somchai Thaisanguanvorakul and related persons (60.78%), Ms. Pilairak Koonrakprom (7.50%), Mr. Keichin Nakamoto (7.50%), Mr. Fumiaki Takahashi (5.00%), Mr. Kenji Kodama (5.00%), Mr. Somboon Gurdlin (2.49%), and others (11.73%).
For more information about SNC Former Pcl., please browse the company’s website, www.sncformer.com, the SET’s website, www.set.or.th, and SETTRADE.Com’s website, www.settrade.com.
For more information,
please contact the Media Relations Unit,
Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 /
Kulvida Jintakawong Tel: 0-2229-2037/
Nattaporn Boonprapa Tel: 0-2229-2049 End.