Sign up | Log in



PR Today

Home >> Press Release

September 26, 2017

mai welcomes “Sermsang Power Corporation” on September 27

BANGKOK, September 26, 2017– Market for Alternative Investment (mai) will list Sermsang Power Corporation pcl, a holding company investing in solar power production and distribution, on September 27, under the ticker symbol "SSP". The company has a market capitalization at its initial public offering (IPO) of THB 7.1 billion (approx. USD 208.8 million).

mai President Prapan Charoenprawatt said that SSP would list and start trading on mai in the Resources industry group. SSP is a holding company that invests in companies that generate and sell electricity from renewable energy and other related businesses in Thailand and overseas.

SSP has invested in 100 percent stake in two solar plant projects in Thailand: 1) Sermsang Solar in Lopburi province, a commercially operated project that started the operation since February 2015 with contracted capacity of 40 megawatts; 2) Solar WVO Project in Ratchaburi province which is being developed, to be constructed, with contracted capacity of 5 megawatts, and expected to start commercial operation by Q4/2018. Moreover, The company has 86.9–100 percent investment in five solar plant projects in Japan with a total contracted capacity of 93 megawatts, expected to launch commercial operation of 23 megawatts in 2018 and 70 megawatts in 2020. In addition, SSP also invests in two solar rooftop plants in Thailand with total installed capacity of 1.4 megawatts, expecting to start commercial operation by this coming Q4/2017.

SSP has a paid-up capital of THB 922 million, consisting of 691.63 million existing common shares and 230.38 million newly issued shares with a par value of THB 1.00 each. The company offered the newly issued shares to general public via IPO during September 18-20, 2017, at THB 7.70 each for a total of THB 1.77 billion. In addition, Unity I. Capital Limited, its major shareholders also offered 46 million existing common shares at the same price. Kasikorn Securities pcl is the financial advisor and lead underwriter.

SSP Chief Executive Officer Varut Tummavaranukub said SSP has been constantly developing various projects, employing advanced technology and quality equipment, while focusing on the most suitable plant locations. In addition, SSP also has the policy to invest in power plants using other renewable energy resources such as wind, biofuel, biomass and wastes in Thailand and other countries especially in Asia. The fund raised would be used for debt repayment and as working capital, and investing in renewable energy projects under the operation or other future projects of the company and/or the subsidiaries.

SSP's three major shareholders after the IPO are Kraipisitkul Family (70.02 percent), Bank of Singapore Limited (1.03 percent), and TISCO Master Pooled Fund (0.44 percent). The IPO price was set by a book building process, equivalent to price-to-earnings (P/E) ratio of 18.3 times calculated by using the company's net profit in the past four quarters (July 1, 2016-June 30, 2017), divided by fully diluted shares, representing earnings per share of THB 0.4210. SSP's dividend policy is to pay no less than 40 percent of net profit, after corporate income tax and reserves.

For more information, please see the company's prospectus at the Securities and Exchange Commission's website at; and for general information, please visit  and

“SET… You Grow, We Groom”

Follow us on Twitter @SET_Thailand

Members of the media please contact the Corporate Communications Dept.: Arada Kultawanich tel: +66 (0) 2009 9483 / Darawan Maleesri tel: +66 (0) 2009 9484 / Kanokwan Khemmalai tel: +66 (0) 2009 9478.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                         September 29, 2017 Subsribe Now !
• MoIT removes regulations on steel quality management Subcribe: Asean Affairs Global Magazine
• North Sulawesi wants its own special economic zone
Finance curriculum to be in schools by 2019
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Home sales slowdown in September in major cities
• Cambodia’s ties with US frayed, says official
Asean Analysis                  September 15,  2017
• Asean Analysis September 15, 2017
Trump-Najib Meeting Gives Malaysia-U.S. Relations Shot of Adrenaline
Advertise Your Brand

Asean Stock Watch   September 28,  2017

• Asean Stock Watch-September 28, 2017
The Biweekly Update
• The Biweekly Update  September 15, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand