Bangkok--Nov 17--SET
TWZ Corporation Pcl. will be listed on The Stock Exchange of Thailand (SET) in the Technology Industry Group, Communication Sector. The firm raised funds on the market to expand its branch network and develop its IT system.
The SET approved the listing of TWZ Corporation Pcl. on the Exchange. The company’s securities will be listed starting from November 18, 2005, using “TWZ” as its trading symbol.
This will enable the company to access a sufficient source of funds, as well as acquire a more appropriate and stronger capital structure. In addition, TWZ’s listing will also help improve the company’s image.
TWZ has THB240 mln. (approx. USD5.85 mln.) worth of paid-up capital. This is comprised of an existing 180 mln. shares plus an additional 60 mln. shares in capital increase each with a par value of THB1.00. In its initial public offering (IPO), TWZ sold 59 mln. shares to the general public and another one mln. shares to its directors and employees at THB3.80 per share. The IPO took place on November 7 — 9, 2005. Syrus Securities Pcl. acted as its financial advisor.
TWZ’s fundraising is to expand its branch and service center network, develop its IT system, repay its debts, and keep a portion as its working capital. TWZ’s IPO price was equivalent to 8.79 times its P/E (price-earnings) ratio, while its industry’s P/E is about 14.7 times.
TWZ is a distributor of mobile phone handsets and accessories for Digital Phone Co., Ltd., M-Link Asia Corporation Pcl. and Samart i-Mobile Pcl. The company is also the distributor for Sony Ericsson and Siemens for some of their exclusive models. It’s the exclusive distributor of Asia Cellular Satellite mobile phones. TWZ also imports mobile phones from China and Taiwan to sell in Thailand as the company’s own “TWZ” brand. It sells the SIM Card (Subscriber Identification Module) and refill Cards for Digital GSM Advance and Digital GSM 1800 systems as well.
After the IPO, TWZ’s principal shareholder is the Rungkasiri Group, which holds 63% of the company’s paid-up capital.
For more information on TWZ, please visit www.twz.co.th, www.set.or.th, or www.settrade.com
For more information,
please contact the Corporate Communication 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.