Bangkok--8 May--SET
UBIS (Asia) PCL, an integrated manufacturer of sealing compounds and can coating/lacquers, will list on Thailand’s Market for Alternative Investment (mai) on May 9, 2007. The company is raising funds to expand its business.
The firm’s securities will use “UBIS” as their trading symbol, mai President Mr. Chanitr Charnchainarong announced.
UBIS has THB 190 million (USD 5.43 million) paid-up capital, comprised of an existing 145 million common shares and 45 million shares in capital increase, each with a par value of THB 1.00. During April 26 - 27, the company sold its 41 million capital increase shares to the public at THB 1.75 per share, and sold another four million shares to UBIS employees at THB 1.40. Asia Plus Securities PCL acted as the firm’s financial advisor and underwriter.
The IPO price of UBIS shares reflected a price/earnings (P/E) ratio of 8.33 (based on the mai P/E of 9.26 as of April 18, 2007). The company’s dividend payment policy is to pay no less than 40% of its net profit after tax and legal reserves.
The firm’s products are researched, developed and manufactured using its own technology and formulae. About 70% of the company’s revenue is from the domestic market. The Chinese market contributes about 20% of total revenue.
After the IPO, the principal shareholders in the company are the Dhangwatnotai group, holding 57.42% of paid-up capital, followed by UBIS’s directors and management, who collectively hold 15.47%.
For more information on UBIS, please visit their corporate website at www.ubisasia.com , 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