Bangkok--Nov 9--SET
Bangkok Chain Hospital Pcl. (KH) will list in the Services Group after having successfully presented its initial public offering on Nov. 2-3 using Asia Plus Securities Pcl. as its financial advisor.
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 Bangkok Chain Hospital Public Co., Ltd. in the Services Group, Healthcare Services Sector. The listed securities of Bangkok Chain Hospital Pcl. are comprised of an existing 950 mln. shares, each having a par value of THB 1.00, giving them THB 950 mln. (approx. USD23.17 mln.) in total value. They will commence trading November 10, 2004 onwards, using ‘KH’ as their trading symbol.
KH has THB 950 mln. in paid-up capital. Its shares are comprised of 710 mln. existing shares and 240 mln. shares in capital increase. The company sold its capital increase shares to its directors, executives, employees, and the general public. Land and Houses Pcl., one of its existing shareholders, has additionally sold its 40 mln. shares to the public. Therefore the total number of KH’s shares sold at its IPO was 280 mln. shares. These shares were sold at THB 3.80 per share on November 2-3, 2004. Asia Plus Securities Pcl. acts as its financial advisor.
KH operates a private chain of hospitals, the Kasemrad Chain, a nursing business and other related businesses. The company has investment in 3 subsidiaries and 3 related companies. At present, the company operates 6 hospitals, enabling it to provide services to customers in many different areas both in and outside Bangkok. KH also has 60 nationwide hospital alliances, and 200 social security satellite clinics. As for its dividend payment policy, KH will pay out no less than 40% of its profits after taxes and reserves.
After selling its capital increase shares and the reduction of an existing shareholder’s holding, KH’s first 3 major shareholders are Mr. Chalerm Harnpanich, M.D., Land and House Plc., and Asst. Prof. Somporn Harnpanich, M.D., who hold 32.42%, 25.68%, and 7.16% of KH’s paid-up capital respectively.
For more information about Bangkok Chain Hospital Pcl., please browse the company’s website, www.kasemrad.co.th, SET’s website, www.set.or.th, or SETTRADE.Com’s website, www.settrade.com
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Nattaporn Boonprapa Tel: 0-2229-2049 End.