Bangkok--Dec 15--SET
Thai Nakarin Pcl. will be listed on Thailand’s Market for Alternative Investment (mai). The company aims to be a leading private specialized hospital, and so the funds raised will be used to expand its specialty center.
Thai Nakarin Pcl. will be listed on December 16, 2005, using “TNH” as its trading symbol.
“Healthcare companies are keen to raise funds through the mai, as it’s a channel through which they can raise long-term funds with acceptable risk exposure. The firms will also enjoy a 10% corporate tax discount for five consecutive years. Thus, they’ll have an edge in better cost and financial management,” mai President Mr. Vichate Tantiwanich said.
TNH has THB180 million (approx. USD4.39 mln.) worth of paid-up capital. This is comprised of an existing 150 million shares plus an additional 30 million shares in capital increase, each with a par value of THB1.00. During the company’s initial public offering (IPO) on Dec. 1 - 2, 2005, TNH sold 30 million shares to the general public at THB1.75 per share. Seamico Securities Pcl. acted as its financial advisor.
TNH operates a privately-run hospital that provides 24-hour inpatient and outpatient as well as specialized medical services. The hospital is well-equipped with patient facilities, ICU/CCU (intensive/critical care unit) rooms, small and large operating rooms and about 30 general practice units.
TNH will use the proceeds from its fundraising of THB52.5 million to renovate hospital areas, repay debts and use as working capital. Its renovation plan is currently about 70% complete, and is expected to be finished by mid-2006. TNH’s dividend payment policy is to pay out no less than 60% of net profits.
After its IPO, TNH’s principal shareholders are the Sihanatkathakul group and Uttasart family, who hold 45.88% and 9.69% of the company’s paid-up capital, respectively. (The Sihanatkathakul group is comprised of the Siam Property Development Co. Ltd. and the Sihanatkathakul family, with 27.78% and 18.10% stakes, respectively).
For more information on TNH, please visit www.thainakarin.co.th, 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.