Bangkok--Nov 21--SET
UOB Kay Hian Securities (Thailand) Pcl. will be listed on The Stock Exchange of Thailand (SET) in the Financials Industry Group, Finance & Securities Sector.
The SET approved the listing of UOB Kay Hian Securities (Thailand) Pcl. on the Exchange. The company’s securities will be listed in the Finance & Securities Sector of the Financials Industry Group, starting from November 22, 2005. It will use “UOBKH” as its trading symbol.
“The listing of UOBKH will enable the company to access another funding source and enhance its competitiveness by expanding its client base,” Ms. Sopawadee Lertmanaschai, SET Executive Vice President.
UOBKH has THB325 mln. (approx. USD7.93 mln.) worth of paid-up capital. This is comprised of an existing 250 mln. shares plus an additional 75 mln. shares in capital increase each with a par value of THB1.00. In its initial public offering (IPO), UOBKH sold 30 mln. shares to the general public, 35 mln. shares to its benefactors and another 10 mln. shares to its directors and employees at THB6.20 per share. The IPO took place on November 10 — 11, and 14, 2005. IFCT Advisory Co., Ltd. acted as its financial advisor.
UOBKH’s IPO price was equivalent to 9.7 times its P/E (price-earnings) ratio, while its industry’s P/E is about 17 times.
UOBKH’s fundraising is to expand its branch network, develop its IT system, and keep a portion as its working capital. It will pay out as dividends no less than 20% of net profits after reserves.
UOBKH is licensed to operate four types of securities businesses, i.e., securities brokerage, securities trading, investment advisory and securities underwriting. The company can also act as a financial advisor and unit trusts agency. As of June 30, 2005, the Company had a total of 11 branches -- 5 in the Bangkok metro area, and 6 in the provinces.
UOBKH is SET member No. 26. Currently it focuses on its securities brokerage business.
After the IPO, UOBKH’s principal shareholder is the UOB Kay Hian Holdings Ltd., which holds 76.92% of the company’s paid-up capital.
For more information on UOBKH, please visit www.uobkayhian.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.