Chu Kai to list on Thai Alternative Market on February 13

ข่าวหุ้น-การเงิน Tuesday February 12, 2008 10:43 —PRESS RELEASE LOCAL

Bangkok--12 Feb--SET Chu Kai PCL will list on the Market for Alterative Investment (mai) on February 13. The company provides service in moving and installing large equipment or machinery which are used in construction and industrial projects. The firm also provides rental, refurbishment and after-sales services for used heavy machinery. Funds raised will be used principally for debt repayment. Chu Kai PCL will use “CRANE” as its trading symbol, mai President Chanitr Charnchainarong said. CRANE currently has total paid-up capital of THB 450 million, consisting of 350 million existing common shares and 100 million capital increase shares, with a par value of THB 1.00 each. At its initial public offering (IPO) on February 1, 4 and 5, the company raised THB 280 million by offering 100 million shares to the general public at THB 2.80 per share. BFIT Securities PCL was its financial advisor. CRANE’s IPO price reflects a price/earnings (P/E) ratio of 10.37 (based on its latest nine-month earnings and estimated earnings for the final three months of 2007, averaged at 450 million shares). Meanwhile, mai’s average P/E ratio, as of Jan. 29, 2008, was 11.91. 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. CRANE provides services in moving and installing large equipment or machinery by cranes, forklifts, container lifts, man lifts, and other equipment for construction and industrial projects. The firm also provides rental, refurbishment and after-sales services for used heavy machinery from overseas. The firm’s major shareholder is Mr. Thongchai Praerangsi and his group, who collectively hold 65.64% of paid-up capital after the IPO. For more information on CRANE, please visit their corporate website at www.chukai.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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