Body Glove and Simat Technology to list on Thai Alternative Market

ข่าวทั่วไป Tuesday December 11, 2007 10:46 —PRESS RELEASE LOCAL

Bangkok--11 Dec--SET Body Glove (Thailand) PCL and Simat Technologies PCL will list on the Market for Alternative Investment (mai) on December 11 and 12, 2007, respectively. The companies will use BGT and SIMAT as their trading symbols. They have collectively raised THB 165.25 million for business expansion, mai President Mr. Chanitr Charnchainarong said. BGT currently has total paid-up capital of THB 80 million, consisting of 80 million existing common shares and 20 million capital increase shares, with a par value of THB 1.00 each. At its initial public offering (IPO), on December 23, 26 and 27, the firm raised THB 94 million by offering 205 million shares to the general public at THB 4.70 per share. Seamico Securities PCL was its financial advisor. BGT plans to use the funds raised to expand by 20 outlets and distribution counters in Thailand and overseas in 2008. BGT’s IPO price reflects a P/E ratio of 9.79 (based on annualized nine-month profit for 2007). Meanwhile, mai’s average P/E ratio as of December 6, 2007 was 12.44. The firm’s dividend payment policy is to pay no less than 40% of its net profit after allocating all reserves required by the company’s regulations and the law. BGT is in apparel and accessories retail, e.g., backpacks, sling bags, hats, caps and socks, under the Body Glove brand. The firm has three major shareholders - the Tumwattana family with a combined shareholding of 37.33%, and Mr. Goh Koh Beng and Mr. Goh Koh Cheng who each hold 18.31% of paid-up capital after the IPO. The other listing firm, SIMAT, has total paid-up capital of THB 75 million, consisting of 75 million existing common shares and 18.75 million capital increase shares, with a par value of THB 1.00 each. At its initial public offering (IPO), on November 27 - 29, 2007, the firm raised THB 71.25 million by offering 18.75 million shares to the general public at THB 3.80 per share. Phillip Securities (Thailand) PCL was its financial advisor. SIMAT’s IPO price reflects a P/E ratio of 7.92 (based on the company’s profits in 2006 and its fully diluted earnings per share). Meanwhile, mai’s average P/E ratio as of December 6, 2007 was 12.44. The firm’s dividend payment policy is to pay no less than 50% of its net profit after allocating all reserves required by the company’s regulations and the law. SIMAT distributes hand-held computers and develops integrated mobile computing solutions for Enterprise Data Collection and Collation System (EDCCS) which is compatible with Enterprise Resource Planning (ERP) systems, such as SAP, Oracle and BAAN. The firm has two major shareholders--Grand-Flo Solution Berhad and the Manasilapapan family, holding 36.75% and 34.50% respectively, of paid-up capital after the IPO. For more information on BGT and SIMAT, please visit their corporate websites at www.bodyglove.co.th and www.simat.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 / Sarinluck Jitkawong Tel: 0-2229-2037 / Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797

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