Sabina PLC to list on the Thai bourse on May 15

ข่าวทั่วไป Wednesday May 14, 2008 09:46 —PRESS RELEASE LOCAL

Bangkok--14 May--SET Sabina PLC, a leading producer and distributor of lingerie under its own and overseas brands, will list on The Stock Exchange of Thailand (SET) on May 15, after having raised THB 336 billion to be used for cash circulation, market expansion and product development. The company will trade in the Consumer Products Group, under the Fashion Sector, using the trading symbol “SABINA”, SET Executive Vice President Mr. Vichate Tantiwanich said. The firm has paid-up registered capital of THB 347.5 million, which consists of 59 million common shares and 10.5 million common capital increase shares, both at a par value of THB 5 per unit. On May 2, 6 and 7, 2008, the company held an IPO offering 10.5 million shares, including 6.95 million shares for SABINA patrons, 500,000 shares for employees of the firm and its subsidiaries, 2.05 million shares for brokerage clients and 1 million shares for retail investors (via E-IPO) — all at THB 32 per share. Its financial consultant was SICCO Advisory Co., Ltd. and it has a dividend payment policy of no less than 40% of its net profit after taxes and legal reserves. SABINA’s IPO price was based on the firm’s average net profit per share during the past accounting year (January — December 2007), calculated from its 69.5 million IPO shares. This demonstrates a price/earnings (P/E) ratio of 18.12, compared with those of similar companies (as of April 18, 2008), such as Boutique Newcity (BTNC), I.C.C. International (ICC),Thai Wacoal (WACOAL), Thanulux (TNL), Newcity (Bangkok) (NC) and People’s Garment (PG) which have 19.77, 16.31, 11.95, 9.76, 8.13, and 8.08, respectively. The Fashion sector’s P/E ratio (also as of April 18, 2008) was 8.16. SABINA designs, produces and distributes lingerie and related products under its own brands - Sabina, SBN, Sabinie, Moldern Curve, Doomm Doomm and Viora. Moreover, it also produces merchandises for foreign distributors, mainly in Europe, Scandinavia and U.S.A. The firm’s plans include expansion into the European market, which is attractive in terms of exchange rate gains, new designs, machine purchases, efficiency improvements and staff training and development. The company’s three major shareholders are Mr. Viroj Thanalongkorn with 74.5%, Mrs. Wannee Thongluk with 4%, and Miss Ratchanee Nivatchaibundit, who holds 3.02% of registered capital after IPO. For more information about SABINA, please visit www.sabina.co.th, the SET website at www.set.or.th.th or the Settrade.Com website at www.settrade.com.

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