KCC dresses up stock exchange mai, sells 160 million IPO shares following the SEC counts one filing Raising funds to expand asset portfolio Raised a strong point of gross profit higher than 88% average
Mr. Tawatchai Worawanthanachai, Managing Director of Advisory Plus Company Limited, as a financial advisor to Night Club Capital Asset Management Public Company Limited or KCC, revealed that the Securities and Exchange Commission (SEC) T.) has counted one of the securities offering registration statement (filing) that KCC has submitted an application for an initial public offering (IPO).
The Company will offer 160 million shares for IPO, representing 25.81% of the total number of issued and paid-up ordinary shares following this offering, at a par value (par) of 0.50 baht per share from the original registered capital of 230 million baht, divided It is 460 million ordinary shares. After the capital increase for IPO, the company will have a total registered capital of 310 million baht or 620 million shares.
As for KCC’s business, there is a good opportunity to expand according to the overall picture of AMC’s business. It was found that income and profits grew every year. For the operating results during the year 2019-2021, the company reported operating income of 57.10 million baht, 128.10 million baht and 125.75 million baht, respectively, and a net profit of 12.03 million baht, 49.06 million baht and 52.42 million baht, respectively.
while the shareholders and the management team of the company Both Mr. Suchart Boonbunjerdsri and Mr. Tawee Kunlertprasert Has experience in debt management and finance business for more than 20 years, participating in the auction of assets of In times of crisis, Tom Yum Kung is also a consultant in debt restructuring for various companies. who faced financial problems in each of the past crises which the experience of the executives It is an important factor supporting continued business growth.
This is reflected in the company’s key financial figures for 2021, such as a gross profit margin of 88.95% and a net profit margin. At the level of 37.08%, the return on equity (ROE) is 12.06%, and the debt-to-equity (D/E) is as low as 0.63 times, and the company Has a policy to pay dividends at a rate of not less than 40% of the net profit from the separate financial statements following deduction of corporate income tax and other reserves All types as stipulated in the laws and regulations of the company.
As for the shareholder structure of the Company before the offering of ordinary shares as of March 25, 2022, Boonbunjerdsri Group which consists of Mr. Suchart Boonbunjerdsri Director and major shareholder of the Company and Mr. Kobe Boonbunjerdsri (Khun Suchart’s son) holds 321.99 million shares or 70% of the issued and paid-up capital.
Mr. Tawee Kullertprasert Chief Executive Officer of the Company and is one of the major shareholders holding 138 million shares or 30% of the issued and paid-up capital After the IPO, the shareholding ratio of the major shareholders will be reduced to 51.94% and 22.26%, respectively, and 160 million shares or 25.81% of the public following IPO (following IPO) 620 million shares, or 100% (the above proportions may change because IPO shares are not included) allocated to directors, executives)
Mr. Tawee Kullertprasert Chief Executive Officer of Night Club Capital Asset Management Public Company Limited or KCC, who operates non-performing asset management and foreclosed asset management businesses, said that the outlook for debt management business (AMC) has an opportunity to expand. and high growth in the next 2-3 years from the overall economic slowdown from the Covid-19 crisis and the conflict between Russia and Ukraine causing the economy to slow down for a long time This results in a deterioration in credit quality in the financial institution system and increases the likelihood of incurring non-performing debt (NPLs).
In addition, if looking at the latest figures from the Bank of Thailand (BOT), it is found that the total NPLs in the system are more than 500 billion baht and it is expected that in 1-2 years, various financial institutions will bring NPLs to sell in large numbers. This is an opportunity for the growth of debt management business.
As for KCC, it operates as an asset management company. under the supervision of BOT by purchasing or accepting transfer of non-performing assets from financial institutions and financial operators to be used to manage debt restructuring
The aim is to solve bad debt problems together with debtors so that debtors are able to repay their outstanding debts and be able to continue their business effectively. Including the management of foreclosed assets (NPA) for further improvement and disposal. The company would like to be a part in solving the problem of non-performing assets of financial institutions. and provide opportunities for debtors to continue their business effectively and be a part of helping to drive the country’s economy further which is the main mission of the company Therefore, it has decided to raise funds on the Market for Alternative Investment (mai) to support future growth.”
Mr. Tawee said that the proceeds from the offering of the newly issued ordinary shares will be used for the acquisition of non-performing assets and assets foreclosed. used to repay loans from financial institutions and/or pay off the maturity debentures issued by the Company and/or any other liabilities of the Company including to use as working capital in business operations To strengthen the company and increase its future growth potential
At present (as of December 31, 2021), the Company’s NPLs debt portfolio is 565.57 million baht, comprising business loan receivables 60.22% and housing loan receivables 39.78 percent of loans from purchases of receivables and net accrued interest.
source Asset Management Night Club Capital Public Company Limited
illustrationAsset Management Night Club Capital Public Company Limited
