Thai alternative bourse welcomes Planet Communications Asia BANGKOK, June 20, 2014 – The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Planet Communications Asia pcl, a telecommunications and broadcast & digital TV technology service provider, on mai and start trading on June 23, under the ticker symbol “PCA.” Prapan Charoenprawatt, mai President, said that PCA, providing services in design, installation and distribution of world leading products covering wireless network, wire network, multimedia and broadcast & digital TV, also offered its owned brand, “Planetcom”, for network communications solutions. PCA has a paid-up registered capital of THB 250 million, consisting of 175 million existing common shares and 75 million newly-issued shares, with a par value of THB 1.00 each. It sold 70 million new shares to the general public via initial public offerings (IPOs) and five million shares to the company’s directors and employees at THB 2.80 during June 16-18 for a total THB 210 million. Finansia Syrus Securities pcl is the financial advisor and lead underwriter. PCA President and CEO Prapat Rathlertkarn said that the company was honored and delighted to list on mai. This would be a significant step to enhance image, goodwill, financial strength and effectiveness for the company. The fundraising would be used for working capital and business expansions to accommodate the company’s future growth. PCAs three major shareholders after the IPO are Rathlertkarn’s group (35.85 percent), Mr. Trevor John Thompson’s family (31.58 percent) and Mrs. Ratana Suwan (2.08 percent). The IPO price had a price/earnings ratio (P/E) of 9.89 times, calculated by using 12-month earnings (April 2013 - March 2014), divided by the number of fully-diluted shares, equivalent to earnings per share of THB 0.28. Its dividend policy is to pay no less than 50 percent of net profits after taxes and reserves. For more information on PCA, please see the companys prospectus at the Securities and Exchange Commissions website at sec.or.th and general information at the companys website at planetcomm and mai.or.th . SET Group “Matching Your Right Financial Opportunities”
Posted on: Fri, 20 Jun 2014 11:01:28 +0000
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