Bangkok, EuroAsia Total Logistics Public Company Limited conducts business by holding shares in businesses that provide goods transport services across international borders. Ready to trade on the Stock Exchange of Thailand on 1 Nov. with a security value at the IPO price of 1,041.60 million baht, using the abbreviation "ETL" in securities trading.
Mr. Manphong Senanarong, Deputy Manager, Head of Securities Issuer Division The Stock Exchange of Thailand (SET) revealed that the Stock Exchange welcomes Euro Asia Total Logistics Public Company Limited to register and begin trading on the Stock Exchange. in the service group Transport and logistics category Using the securities trading abbreviation "ETL" on 1 Nov. 2023.
ETL is a subsidiary of WICE Logistics Public Company Limited (WICE). It conducts business by holding shares in other companies (Holding Company) whose main business is providing cross-border land transportation services. (Cross-Border Transportation Carrier) between Thailand and Southeast Asian countries, Hong Kong and China, with border connections by road and rail. ETL has 6 subsidiaries and associated companies located in 4 countries: Malaysia, China, Thailand. and Vietnam which is a strategic point for doing business and contact and coordinate with customers To provide services covering cross-border road transport of goods. Both full cabinet and not full cabinet The main customer group includes international logistics service providers. and companies that provide logistics services to entrepreneurs in importing and exporting in various industries such as electronic components, food, solar panels. automotive parts Consumer products Medicines and medical supplies, etc. For the first 6 months of 2023, revenue is divided according to services in Malaysia, China and Thailand in the proportion of 42 : 31 : 27 percent, respectively.
ETL has a paid-up registered capital after IPO of 310 million baht, with a par value of 0.50 baht per share, offering common shares to the public for the first time, amounting to 171.866 million shares, offered to those eligible to subscribe for shares in proportion to WICE's shareholding of 25.780 million. shares on 11-12 and 16-18 Oct. 2023 and persons at the discretion of the underwriter 124.173 million shares and benefactors of the company and subsidiaries 21.913 million shares on 24-26 Oct. 2023 at a price of 1.68 baht per share, equivalent to a fundraising value of 288.73 million baht. The security value at the IPO price is 1,041.60 million baht. The IPO share offering price is calculated as a price-to-net-earnings-per-share ratio (P/E Ratio) that 18.67 times Calculate net earnings per share from net profits over the past 4 quarters. (From 1 July 2022 to 30 June 2023) divided by the number of common shares after this stock offering (Fully Diluted), calculated as net profit per share of 0.09 baht per share, with the company Jay Capital Advisory Co., Ltd. is a financial advisor. Thanachart Securities Public Company Limited and Asia Plus Securities Company Limited are the underwriters and underwriters of the common shares.
Mr. Lee Yik Cher, Chief Executive Officer of Euro Asia Total Logistics Public Company Limited, revealed that it is managed by a group of founders and executives with more than 10 years of experience in the logistics business. year with a commitment to link cross-border freight transport to countries in Asia and Europe. under the integration of various modes of transport to provide fast service flexible and effective Able to support the expansion of the business sector The funds raised will be used to invest in vehicles. Containers and storage yards Invest in transportation management systems Repayment of business acquisition creditors Repay loans from financial institutions as well as being used as working capital for business operations
ETL's major shareholders after the IPO are WICE holding 36.86% of shares, Noya Holding Company Limited holding 15.94% of shares, Mr. Leyik Cher 12.99% and Ms. Kritchawan Buycharoenchai 6.49%. The company has a policy of paying dividends to shareholders. shares at a rate of not less than 30 percent of the net profit from the separate financial statements after deducting taxes and legal reserves.
Investors and interested parties Please see details from the company's prospectus at the SEC's website at www.sec.or.th. and general information of the company at www.etl.co.th and at www.set.or.th .
Source: Thai News Agency