Bangkok--Nov 4--SET
Mangpong Pcl. will list in the Services Industry Group, Entertainment & Recreation Sector, after successfully offering its 72,999,500 shares to the public, the company’s directors and employees on Oct. 27-28.
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 the listing on the bourse of Mangpong Public Co., Ltd. in the Services Group, Entertainment & Recreation Sector. Its securities will commence trading November 5, 2004 onwards, using ‘PONG’ as their trading symbol.
Mangpong Pcl. has THB 292,999,500 (approx. USD 7,146,329.27) worth of paid-up capital. Its listed securities are comprised of an existing 220 mln. shares and an additional 72,999,500 shares in capital increase, each having a par value of THB 1.00. Of its capital increase shares, PONG sold in its initial public offering (IPO), October 27-28, 2004, 71,250,000 shares to the general public at THB 7.00 per share, and the remaining 1,749,500 shares to its directors and employees at THB 6.30 per share. National Securities Pcl. acts as its financial advisor.
Its fundraising proceeds will be used to acquire copyrights, expand its branch network, and improve its branches. Portions of the funds will also be used as working capital and for repaying debts. As for its dividend payment policy, PONG will pay out no less than 40% of its profits after taxes and reserves.
The businesses of PONG can be classified into 3 distinct areas: 1) Copyright holdings, distribution and rental of related products under the “Mangpong” trademark, 2) Production of movie copyrights, and 3) Production of song copyrights.
The company’s major shareholder is the Trheeakevichiti family, who collectively hold 69.3% of PONG’s paid-up capital after the IPO.
For more information about Mangpong Pcl., please browse the company’s website, www.mangpong.co.th, the SET’s website, www.set.or.th, or 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.