Mr. Manpong Senanarong, Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand revealed that the SET accepted Thai Eastern Group Holdings Plc. to be listed and started trading on the SET in the agricultural and food industry. Agribusiness By using the abbreviation of securities trading as “TEGH” on September 30, 2022
TEGH generates the majority of its revenue, approximately 80% of its total revenue from its natural rubber production and distribution business. The natural rubber products are divided into 2 main categories, namely block rubber and concentrated latex, which are sold to both domestic and international manufacturers. In a variety of industries, such as the tire industry, footwear and elastic yarns In addition, the company has a business to produce and sell crude palm oil. The Group’s products are raw materials used in downstream industries such as cooking oil, food ingredients, butter, and non-dairy creamer. There is also a renewable energy business and management of organic waste left over from the production process to produce renewable energy. to create a green economy that can reduce the impact on the environment and generate stable income for the group of companies
TEGH has a paid-up capital after IPO of 1,080 million baht, with a par value of 1 baht per share, consisting of 810 million existing ordinary shares and 270 million newly issued ordinary shares (IPO) by offering new ordinary shares to the general public. The first is between September 21-23, 2022 at a price of 4.80 baht per share, representing a fundraising value of 1,296 million baht and a securities value at the IPO price of 5,185 million baht. /E ratio) is 7.7 times.
It is calculated from the Company’s operating results during the third quarter of 2021 to the second quarter of 2022, which is equal to 671.8 million baht divided by the total number of ordinary shares of the Company. After the IPO, the net profit per share (fully diluted EPS) is 0.6 baht, with Kasikorn Securities Public Company Limited and Trinity Securities Company Limited serving as financial advisors and underwriting and underwriting managers. Distribution of ordinary shares
Mr. Chalerm Koknutaporn, Chief Executive Officer of TEGH Revealed that the company has been in business for more than 30 years by a management team with knowledge and experience in the business for a long time. Today, the company is one of the leaders in the production and distribution of natural rubber. and is a major producer and distributor of crude palm oil in the eastern region. and is a large integrated bio-energy producer in the EEC area. Listed on the Stock Exchange of Thailand this time will increase the competitiveness of the company. and strengthening the financial strength of the company both in terms of lower financial costs and the confidence of partners
For the money received from this fundraising will be used to increase the capabilities of the company It is used as an investment to expand production capacity and improve operational efficiency. repay the loan of a financial institution and used as working capital in the business
TEGH has a policy to pay dividends to shareholders at a rate of not less than 40% of the net profit according to the Company’s separate financial statements after deducting all types of taxes and reserves as stipulated by law, such dividend payments are subject to change. It depends on the operating results, financial status, liquidity, business expansion plans. any other future necessity and suitability and other relevant factors.
After the IPO, the company will have 75% of the shares held by the family of Somchai Koknutaporn, the founder of the company.
By InfoQuest News Agency (29 Sep 65)
Tags: GO, Chalerm Koknutaporn, Manpong Senanarong, Thai Eastern Group Holdings