Bangkok--Oct 29--Siam PR. Consultant
Siam2You is seeking listing on the Market for Alternative Investment (MAI) to expand its services provided to mobile users, while increasing its customer base in order to reach every segment of mobile users. The company will also increase its focus on research and development to launch new products and services.
Mr. Niklas Stalberg, Chief Executive Officer of Siam2You Public Company Limited, disclosed that as a leading service provider through digital communication with services offered widely to general consumers and corporate customers via wireless technologies and the Internet, Siam2You is ready to step further upward with its listing on the MAI. “Filling of our application has been made to the Securities and Exchange Commission (SEC) with Sage Capital Co., Ltd., being appointed as financial advisor for Initial Public Offering and the listing,” he said.
“Siam2You has a registered capital of 40.93 million baht, of which 30.70 million baht has been paid up. The company includes 30.70 million shares at 1 baht par value. The initial public offering (IPO) will include 10,232,880 shares or 25% of the total registered capital. After the capital raising scheme, the company’s registered capital will be fully paid up. The proceeds is intended to help expand the business as well as customer base, while fueling research and development of new products and services. The money will also be used to improve internal IT system and working capital,” he explained.
“Siam2You is a leading service provider through digital communication and one of a few companies posting continual double digit growth figure since 1999. As for the first half of 2004, the company enjoyed total revenue of 62 million baht, 51% growth over the same period a year ago. About 90% of the revenue comes from services provided to mobile users. We are confident in our market leadership through strength in technology and new product variety to cater to market demands and a variety of customer groups,” he said. At present, Siam2You is providing services to mobile phone users via all leading mobile operators in Thailand covering more than 97% of the market.
Mr. Thanathip Vidhayasirinun, Managing Director of Sage Capital Limited, as financial advisor said the number of mobile users had increase tremendously each year as seen from the number of mobile handsets. “The rising number of mobile users is attributed to the overall economic recovery. The 2003 gross domestic product (GDP) went up 6.7% from 2002. GDP in 2002 also jumped 5.4% from 2001, resulting in higher purchasing capacity on the part of the people,” he said.
“As each mobile phone manufacturer has given importance to technological development to allow greater functionality such as short message service (SMS), multi-media message service (MMS), and java application. The trend has coincided with the direction aimed by Siam2You. With a wide coverage of retail network, good customer relationship and expertise to respond to the precise needs of the market, Siam2You is looking to soar high and become one of the most interesting stocks for investors,” he concluded.
About the company
Siam2you is a digital communications company that offers demand driven solutions based on wireless and Internet technologies to both consumers and consumer oriented corporations. Siam2you operates two division and three business units with the Wireless VAS Business Unit developing, combining, and distributing Wireless Value Added Services (VAS) under the Siam2you brand name to end consumers. Siam2you Interactive Solutions is the gateway to consumer oriented corporations, offering customized Interactive consulting services and digital advertising solutions that enable communication with wireless and Internet users, and including a Design & Development Business Unit and New Media Business Unit.
For further information, please contact:
Darawan Taree
Siam PR. Consultant Co., Ltd.
Tel. 0-2693-7835-8 ext. 41
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