Bangkok--Dec 8--SET
Thai Ha Pcl., a manufacturer and distributor of agricultural and consumer products, will be listed on Thailand’s Market for Alternative Investment (mai) on December 9, 2005.
The mai approved the listing of Thai Ha Pcl. on the bourse, using “KASET” as their trading symbol.
mai President Mr. Vichate Tantiwanich said, “KASET is a firm with the foresight for business opportunities whilst preparing for international competition. Raising funds through the mai will help it gain more confidence from customers and improve cost management, hence improving efficiency and competitiveness.”
KASET has THB198 million (approx. USD4.83 mln.) worth of paid-up capital. This is comprised of an existing 148 million shares plus an additional 50 million shares in capital increase each with a par value of THB1.00. During the company’s initial public offering (IPO) on November 28 - 30, 2005, KASET sold 45 million shares to the general public and another 5 million shares to its directors and employees at THB1.20 per share.
Furthermore, there were another 5 million shares sold under the greenshoe option, representing 5% of its IPO. These greenshoe shares will help stabilize the prices of KASET shares. Kim Eng Securities (Thailand) Pcl. acted as the company’s financial advisor. KASET’s dividend payment policy is to pay out no less than 50% of its net profits after taxes.
KASET manufactures and distributes packing products for Thai Hom Mali rice and cereal, and processed agricultural products, i.e. bean-thread vermicelli and vinegar under the “KASET” and “CHALAD SHIM” brands. The company also produces “Cheer” vegetable oil. These KASET products are aimed at consumers looking for high quality products.
After its IPO, KASET’s principal shareholders are Cheer (Thailand) Co. Ltd. and the Tangpiroonthum family, which hold 50.06% and 22.11% of the company’s paid-up capital respectively.
For more information on KASET, please visit www.kasetbrand.com, www.mai.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.