Sign up | Log in



PR Today

Home >> Press Release 

Thai alternative bourse to list Akkhie Prakarn on Feb 7

BANGKOK, February 5, 2013 – The Stock Exchange of Thailand (SET) welcomes Akkhie Prakarn pcl to its Market for Alternative Investment (mai). The company will list and start trading on February 7, under the ticker symbol “AKP”, after it raised THB 168 million (USD 5.66 million) via an initial public offering (IPO).
Chanitr Charnchainarong, mai president, said: "AKP is a subsidiary of Better World Green pcl (BWG) listed on SET. As the parent firm realizes the importance of building the financial strength and boosting the funding access opportunities of its subsidiary, it submitted a spin-off proposal to increase business opportunities.”
AKP has been granted the rights by the Department of Industrial Works, Ministry of Industry, to manage and operate the waste incineration center in Bangpoo, Samut Prakarn province, for 20 years (ending on February 10, 2028) and could ask for an extension for another 10 years. This waste center has the country’s first and only industrial waste incinerator able to handle hazardous industrial waste in form of gas, liquid, sludge, or solids, including infectious waste. It has a capacity of 120,000 tons per year.   
AKP has a paid-up registered capital of THB 202 million, with a par value of THB 0.50 each, consisting of 320 million existing common shares and 84 million newly-issued shares. The company sold 21 million shares to BWG’s shareholders on January 23-25, and 63 million shares to the general public through an IPO on January 28-30 at THB 2.00 per share, for a total of THB 168 million. Country Group Securities pcl is its financial advisor and underwriter.

Vanchai Luengviriya, AKP President and CEO said: "The company is delighted to list on mai. AKP operates and manages the sole industrial waste incinerator that is safe to the environment in ASEAN. As this business needs experts with extensive experience, we have no direct competitors yet. Fundraising proceeds will be used for working capital to support  AKP business growth."

AKP's three major shareholders after the IPO are Better World Green pcl (BWG) 51.18% Mr.Thanadol Raksabul 24.75% and Yamazen Holdings Company Limited. 2.72%. AKP has a price-earnings (P/E) ratio) of 18.18 times, calculated using earnings per share over the last four quarters (from the fourth quarter of 2011 to the third quarter of 2012). The company's dividend policy is to pay no less than 50 percent of net profits after corporate taxes and reserves.

For more information on AKP, please see the company's prospectus at the Securities and Exchange Commission's website at and general information at the company's website at and

SET Group “Matching Your Right Financial Opportunities”

For more information, please contact S-E-T Call Center +66 (0) 2229 2222

Members of the media should contact the Public Relations Unit, Corporate Communications Dept.:

Kanokwan Khemmalai, tel: +66 (0) 2229 2048 / Arada Kultawanich, tel: +66 (0) 222 2796



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    7  February 2013   
Subsribe Now !
• AEC will level playing field for auto industry Subcribe: Asean Affairs Global Magazine
• Asean SG welcomes Denmark Ambassador Asean Affairs Premium
• 11th Meeting of AICHR press release
• Asean health ministers meet to tackle challenges
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Indian and Japanese IT firms eye Asean healthcare market
• China invests $9.17 bn in Cambodia
• ‘Filipinos most optimistic in Asean’, Survey
• MasterCard PayPass launched in Vietnam  
Asean Analysis              February 2013      Advertise Your Brand
• Asean Analysis- February 5, 2013  
• Asean Weekly- January 24, 2013 Sponsor Our Events

Asean Stock Watch      8  February 2013     

• Asean Stock Watch- February 7, 2013
• Asean Stock Watch-  February 8, 2013  

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