Bangkok--Dec 7--SET
The Stock Exchange of Thailand (SET) will concurrently list Mida-Medalist Pcl. and Thai Unique Coil Center Pcl. on the exchange. The first company is a producer and exporter of electronic entertainment products and will be listed in the Entertainment and Recreation Sector. Meanwhile the second firm will be listed in the Construction Materials Sector.
The SET approved the listing of Mida-Medalist Pcl. in the Services Industry Group, Entertainment and Recreation Sector, on December 8, 2005, using “MME” as its trading symbol.
Thai Unique Coil Center Pcl. will be listed in the Property and Construction Industry Group, Construction Materials Sector, on the same day, using “TUCC” as its symbol.
Like the other companies joining the SET and mai rosters this month, MME and TUCC understand the benefits of getting listed. They all don’t want to miss out on the opportunity to get a 5% discount on their normal tax rates for five accounting years.
MME manufactures and distributes electronic dartboards under the “Medalist” trademark. Its main markets are North America and Japan. The company maintains about a 95% market share in Japan.
MME has THB240 million in paid-up capital. Its securities are comprised of an existing 200 million shares and an additional 40 million shares in capital increase, with a par value of THB1.00 each. During November 28 - 29, 2005, MME sold at its initial public offering (IPO) 60 million shares; 40 million shares from capital increase and 20 million shares from existing shareholders. The company sold 20 million shares to the general public and 40 million shares to institutional investors and/or benefactors at THB8.00 per share. Seamico Securities (Thailand) Pcl. acted as its financial advisor.
MME’s IPO price is equal to 14.11 times its price-earnings (P/E) ratio. Meanwhile its industry’s P/E ratio stands at 20 times. The company’s dividend payment policy is to pay out 30% of its net profits after taxes and reserves.
The principal shareholder of MME is Medalist Marketing Corporation, which holds 26.25% of the company’s paid-up capital after the IPO.
TUCC has THB253 million in paid-up capital. Its securities are comprised of an existing 168 million shares and an additional 85 million shares in capital increase with a par value of THB1.00 each. During November 28 — 30, 2005, TUCC sold at its IPO 85 million shares to the general public at THB2.70 per share. Intel Vision Pcl. and Seamico Securities Pcl. acted as its financial advisors.
The company’s IPO price is equal to 5.51 times of its price-earnings (P/E) ratio. Its industry’s P/E ratio stands at 8.38 times. The company’s dividend payment policy is to pay out no less than 50% of its net profits. Dividend payments will be made when the company has no accumulated losses.
TUCC manufactures and distributes both raw materials (stainless coil) and transformed products, which includes stainless steel pipes and plates. The company also operates a coil center which provides cutting, slitting and rolling services for metal rolls and galvanized steel. TUCC also produces and sells products under its own trademark. Its clients are in both domestic and foreign markets.
The principal shareholder of TUCC is Mr. Yongyuth Ngamkaiwan, who holds 64.41% of the company’s paid-up capital after the IPO.
For more information on MME and TUCC, please visit www.mmeplc.co.th, www.tuccplc.com, www.set.or.th, or 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 End.