Bangkok--Nov 8--SET
The Stock Exchange of Thailand (SET) Board approved two new listings on the exchange — Prinsiri Pcl. and California WOW Xperience. Prinsiri will be listed in the Property & Construction Group, Property Development Sector, on November 7, 2005, using “PRIN” as its trading symbol. California WOW Xperience will be in the Services Group, Entertainment & Recreation Sector, on November 8, 2005, using “CAWOW” as its trading symbol.
PRIN has THB670 mln. worth of paid-up capital. This is comprised of an existing 515 mln. shares plus an additional 155 mln. shares in capital increase, each with a par value of THB1.00. During October 25 — 27, 2005, the company sold its 155 shares at its initial public offering (IPO) at THB2.80 per share.
PRIN’s IPO price is equal to 4.75 times its price-earning (P/E) ratio. The average P/E ratio for the property development sector stands at 12.11 times. Intel Securities Pcl. and Sage Capital acted as PRIN’s financial advisors.
PRIN develops property, specifically single detached houses and townhouses in central Bangkok. The company currently is selling nine housing projects, collectively worth THB5.96 mln. It also has an additional nine projects currently under construction to be sold in 2005-2006. Furthermore the company possesses an 18 rai (or about 7.2 acre) plot of land in Prachubkirikan province. The development on this piece of land is currently under consideration.
After its IPO, PRIN’s major shareholder is the Kovitchindachai Family holding 76.01% of the company’s paid-up capital.
As for CAWOW, it has THB200 mln. worth of paid-up capital. This is comprised of an existing 150 mln. shares plus an additional 50 mln. shares in capital increase each with a par value of THB1.00. During October 31 — November 1, 2005, the company sold 45 mln. shares to the general public and another 5 mln. shares to its employees at THB6.00 each.
CAWOW’s IPO price is equal to 16.7 times its price-earning (P/E) ratio. The average P/E ratio for the entertainment & recreation sector stands at 23.22 times. Asia Plus Securities Pcl. acted as CAWOW’s financial advisor.
CAWOW’s main business is fitness centers. It provides services such as exercise areas and equipment including a variety of workout training programs all within an entertaining environment. Presently it has three branches on Silom, Sukhumvit 23 and Pinklao. In 2006, three more branches will be opened at Ratchayotin, Siam Paragon and Changwattana.
The principal shareholders of CAWOW are Mr. Eric Mark Levine & group and Major Cineplex Group Pcl., holding 38.96% and 36.75% of the company’s paid-up capital after the IPO respectively.
For more information of Prinsiri Pcl. and California WOW Xperience Pcl., please visit the companies’ websites at www.prinsiri.com and www.californiawowx.com. Information is also available on www.set.or.th and www.settrade.com.
For more information,
please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036
Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049
Watsamon Saowakhonsathien Tel: 0-2229-2797 End.