Bangkok--29 Mar--SET
Unique Engineering and Construction PCL will be the first listing in The Stock Exchange of Thailand’s (SET) Property & Construction Industry Group this year after it raised funds worth THB 292.5 million (approx. USD 8.31 million) for property development and contractor business expansion.
Unique Engineering and Construction’s securities will be traded in the Property & Construction Industry Group, Property Development Sector beginning March 30. It will use “UNIQ” as its trading symbol, SET Executive Vice President Mr. Vichate Tantiwanich said.
The firm has THB 625 million in paid-up capital, each share having a par value of THB 1.00. This is comprised of an existing 500 million shares and 125 million capital increase shares. At its initial public offering (IPO) on March 21 - 23, a total of 162.5 million shares (125 million shares in capital increase plus an existing 37.5 million shares) were sold to the public and institutions (receiving 142.5 million shares), and the firm’s patrons (receiving 20 million shares) at THB 1.80 per share.
The company’s IPO price reflected a price/earnings (P/E) ratio of 28.02 (compared with the sector average P/E of 12.01). Meanwhile the firm’s price/book value (P/BV) was at 1.17, compared with the sector average P/BV of 1.73.
UNIQ’s dividend payment policy is to pay no less than 40% of its net profit after allocating all reserves required by law. Seamico Securities PCL acted as the firm’s financial advisor.
UNIQ operates two core businesses:
1) Construction of complex medium- to large-scale utilities projects requiring a high level of construction technology. These include steel and steel-reinforced concrete bridges, tunnels, concrete and asphalt roads, underground public utilities, other steel structures, embankments and retaining walls. The firm’s main clientele is from government and state enterprises, e.g. Bangkok Metropolitan Administration, Department of Highways, Expressway and Rapid Transit Authority of Thailand, Metropolitan Electricity Authority, Metropolitan Waterworks Authority and TOT PCL.
2) Property development projects, including single-detached houses and townhouses for medium and high-end customers.
After the IPO, the principal shareholders in the company are the Suviwattanachai family and Ms. Somjai Prathumtong, who hold 66% and 8% of the company’s paid-up capital, respectively.
For more information on UNIQ, please visit their corporate website at www.unique.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 / Sarinluck Jitkawong Tel: 0-2229-2037 /
Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797