Bangkok--28 Nov--SET
Eternity Grand Logistics PCL will list on Thailand’s Market for Alternative Investment (mai) on November 29, becoming the first comprehensive Thai logistics firm on mai.
The company’s securities will use “ETG” as their trading symbol, mai President Mr. Chanitr Charnchainarong said.
ETG has THB 115 million in paid-up capital, each share having a par value of THB 1.00. This is comprised of an existing 90 million shares and 25 million capital increase shares. At its initial public offering (IPO) during November 20 - 21, ETG sold 23 million shares to the public at THB 3.40 per share, and another two million shares to the group’s directors at THB 3.06 per share. Advisory Plus Co., Ltd. acted as ETG’s financial advisor, and Bualuang Securities as its lead underwriter.
The price offered to the public reflected a price/earnings (P/E) ratio of 8.1 (calculated from its estimated earnings in 2006) compared with mai’s average of 9.67 (as at November 8).
The company, which has more than 30 years’ experience in integrated logistics and customs brokerage services, was founded by the Thiapairat family with an initial investment of THB 5 million. Currently ETG’s logistics take in the nationwide distribution of goods, and its customs clearance services cover the full range of imports and exports. Services being operated by the firm’s subsidiaries include inland transportation and warehouse management, encompassing the collection, storage, packing, dispatching and delivery of merchandise, together with logistics advice and transportation .
ETG’s dividend payment policy is to pay more than 29% of its net profit. After the IPO, the principal shareholder in the company is the Thiapairat family, which holds 71.61% of the company’s paid-up capital.
For more information on ETG, please visit their corporate website at www.eternity.co.th , mai’s website at www.mai.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