Mr. Paltham Kasemsub, Senior Director of Investment Banking, CIMB Thai Bank Public Company Limited, as a financial advisor to Precise Corporation Plc. (Filing) to the Office of the Securities and Exchange Commission (SEC) for an offer for sale of newly issued ordinary shares in the amount of not more than 307,000,000 shares with a par value of 1 baht per share to the public (Initial Public Offering), or equivalent to 25.03% of the total issued and paid-up ordinary shares of the Company. After this offering of newly issued ordinary shares It will be listed on the Stock Exchange of Thailand (SET). Industry Group: Resources
In this regard, PCC operates its business by holding shares in other companies (Holding Company), comprising 3 main business lines as follows: 1. Business group manufacturing and distributing equipment in power distribution systems. Project management work, service work, and maintenance of both low and high voltage electrical systems and energy management system to be efficient (Power Distribution & Energy Management System). ready to produce and install control systems for intelligent electrical systems and production of smart meters (Intelligent Grid) and 3. Business groups investing in the production and distribution of electricity from renewable energy and produce fuel from energy plants and other businesses Related (Renewable Energy)
Mr. Kitti Sumrit, Chief Executive Officer and President of PCC revealed that the purpose of using the money received from this fundraising to be used as investments in projects under development and future projects, to use as working capital and used to repay loans from financial institutions
As for the operating results of the group of companies during the past 3 years (years 2019-64), total revenues were 3,931.26 million baht, 4,054.89 million baht and 3,638.63 million baht, and net profits were 342.24 million baht, 279.96 million baht and 228.32 million baht, accordingly. number
In terms of dividend payment policy, it is required to pay not less than 40% of the net profit according to the company’s separate financial statements. After deduction of corporate income tax and following deducting statutory reserve of each year However, the said dividend payment may change from the specified rate. It depends on the operating results, financial position, liquidity, the need to use money for investment and expansion in the future.
