Bangkok--5 Jun--SET
Thailand’s Market for Alternative Investment (mai) will list Qualitech PCL, which provides third-party services in engineering testing and inspection to ensure high standards of construction materials and reduce production losses. Qualitech PCL raised THB 79.20 million (USD2.32 million) and will be listed and start trading on June 9, 2009, using “QLT” as its trading symbol, said Group Head, Issuer & Listing, Chanitr Charnchainarong.
QLT has total paid-up capital of THB90 million, consisting of 70 million existing common shares and 20 million capital increase shares, with a par value of THB1 per share. At its initial public offering on May 29 and June 1-2, the company offered 19 million shares to the general public at THB4.00 per share and 1 million shares to its employees and executives at THB 3.20 per share. Phillip Securities (Thailand) PCL was its financial advisor and underwriter.
QLT’s dividend payment policy is to pay no less than 40% of net profit after taxes and all reserves required by the company’s regulations and the law. QLT’s IPO price reflects a price/earnings (P/E) ratio of 5.63, while mai P/E ratio from February 19, 2009-May 18, 2009 was at 8.19*.
QLT’s major shareholders are Mr.Sanphat Rattakam group, Mr. Somchaan Lapthikuntham group, Mrs.Kuljirapas Taskuldisdech, Kemwilas group, and Mr.Pisanu Muniganont, who hold stakes of 23.45%, 19.44%, 14.00%, 7.78% and 4.44%, respectively.
For more information, please visit the company’s website at www.qualitech-ndt.com, mai’s website at www.mai.or.th , www.settrade.com or call S-E-T Call Center at 0 2229 2222.