Bangkok--10 Oct--DTAC
DTAC announced today that it had submitted the IPO draft prospectus and filing to the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) for the agencies’ consideration and approval. This is the next step in the listing process which DTAC’s shareholders approved in a shareholding meeting in November 2005 and April 2006.
The total IPO shares to be listed will be up to 44.4 million with Baht 10 per par. DTAC will issue 16.4 million new shares and UCOM is to sell down up to 28 million shares. The IPO is intended to take place within this year.
The listing on the SET, however, is still subject to approval from the relevant authorities, market conditions and to finding solution for the delisting of UCOM.
DTAC is the second-largest mobile operator in Thailand with reported 10.62 million subscribers or approximately 31 percent market share at end June 2006. DTAC has a registered capital of Baht 5,114,161,260, of which Baht 4,580,161,260 is paid-up capital and divided into 458,016,126 ordinary shares with a par value of Baht 10.