Bangkok--7 Sep--SET
Forth Corporation PCL will list on The Stock Exchange of Thailand (SET), having raised nearly THB 470 million (approx. USD 12.21 million). The firm provides integrated services in communications and electronic equipment, “genius” advertising boards, and data management. Its fundraising will be for new projects, including the IPSTAR project, debt servicing, and working capital.
SET has approved its listing in the Information & Communication Technology (ICT) Sector, Technology Industry Group. Trading will commence on September 8, 2006, with “FORTH” as the securities’ symbol, SET Executive Vice President Mr. Vichate Tantiwanuch announced.
FORTH has THB 480 million in paid-up capital, made up of an existing 386.10 million shares and 93.90 million shares in capital increase, each with a par value of THB 1.00. During August 28 - 30, the company sold its capital increase shares at the IPO at THB 5.00 per share, raising THB 469.50 million. Seamico Securities PCL acted as the firm’s financial advisor.
The IPO price was based on the firm’s annual performance from Q3/2005 to Q1/2006. The company’s price/earnings (P/E) ratio stood at 43.35, compared to the sector’s 13.00.
Under the FORTH brand, the firm manufactures and distributes telecommunications and electronic equipment, including private automatic branch exchanges (PABX), digital loop carriers (DLC), battery charger controllers and inverters for solar cell systems, call center software systems, and nurse call systems. They also manufacture and assemble products under customers’ brands.
FORTH and its subsidiaries, affiliates, and consortia provide integrated services ranging from market research, design, R & D, procurement, production, installation, and the collection of revenue. The group is currently involved in the development and installation of the Metropolitan Electricity Authority’s data management system.
After the IPO, the principal shareholder in FORTH is the Amatanont family, who collectively hold 64.72% of the company’s paid-up capital.
For more information on Forth Corporation PCL, please visit its corporate website at www.forth.co.th , SET’s website at www.set.or.th , or SETTRADE.Com’s website at 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 Tel: 0-2229-2797