Sign up | Log in



PR Today

Home >> Press Release 

  SET News 28/2013

March 22, 2013

Thai alternative bourse to list furniture maker Eastcoast on March 26  
BANGKOK, March 22, 2013 – The Stock Exchange of Thailand (SET) welcomes Eastcoast Furnitech pcl to its Market for Alternative Investment (mai). The company will list and start trading on March 26, under the ticker symbol "ECF", after it raised THB 144 million (USD 4.88 million) via an initial public offering (IPO).
Chanitr Charnchainarong, mai president, said: "ECF is the fourth company to be listed on mai this year. It manufactures furniture from particleboard and rubber wood, as well as producing drying lumber and paper foil, and distributes them to both overseas and domestic markets.”  

ECF is mainly a made-to-order furniture manufacturer to furniture distributors and large-sized retail shops in overseas markets, particularly Japan. It also produces for domestic large-sized retail chains under its brands – Muse Fur Direct and Leaf – to Tesco Lotus, Big C, and Home Pro. In addition, the company also distributes through showrooms in Bangkok, under the “ELEGA” brand, in Index Living Mall and Home Pro.

ECF has a paid-up registered capital of THB 130 million, with a par value of THB 0.25 each, consisting of 400 million existing common shares and 120 million newly-issued shares. The company sold shares to the general public through an IPO on March 15 and 18-19, at THB 1.20 per share, for a total of THB 144 million. Asset Pro Management pcl is its financial advisor and Capital Nomura pcl is its underwriter.

Arak Suksawad, managing director of ECF, said: "Proceeds of the fundraising will be used to buy new machinery to make existing production lines more efficient and for working capital to cope with the increasing domestic and foreign demand for furniture. To be ready for the upcoming ASEAN Economic Community in 2015, ECF has committed to become one of Thailand’s top five furniture market leaders.”     

ECF's three major shareholders after the IPO are Suksawat Group 76.92% Phatthamasatyasonthi Group 1.39% and Miss Kanokrat hangpai 0.85%. ECF has a price-earnings (P/E) ratio) of 17.51 times, calculated using earnings per share over the last four quarters (from January to December of 2012). The company's dividend policy is to pay no less than 40 percent of net profits after corporate taxes and reserves.

For more information on ECF, 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) 2229 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    25 March 2013   
Subsribe Now !
• Sabah under control, claims Malaysia Subcribe: Asean Affairs Global Magazine
• Thai govt t to push for 'article by article' charter change Asean Affairs Premium
• Selangor in Malaysia key battleground in elections
• Philippine auto industry expects sales to rev up
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Vietnam trade deficit returns on lift in domestic import demand

Asean Analysis             25 March 2013   Advertise Your Brand
• Asean Analysis- March 25, 2013  
• Asean Weekly- March  22, 2013 Sponsor Our Events

Asean Stock Watch      25 March 2013        

• Asean Stock Watch- March 25,2013  

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 © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand