Sign up | Log in



PR Today

Home >> Press Release 

SET News 16/2013

Feb 27, 2013
Thai alternative bourse to list machine producer EUREKA on March 1

BANGKOK, February 27, 2013 – The Stock Exchange of Thailand (SET) welcomes Eureka Design pcl to its Market for Alternative Investment (mai). The company will list and start trading on March 1, under the ticker symbol "EUREKA", after it raised THB 112.5 million (approx. USD 3.75 million) via an initial public offering (IPO).

Chanitr Charnchainarong, mai president, said: "EUREKA will be the third new listing this year. The company operates business of design and produce of assembly and testing machines, including jig and fixture for use in automotive industry. After recovering from the country’s flood disaster in late 2011, the Thai automotive industry is now back on track with significant growth and rising demand within the country."

EUREKA not only designs automotive machinery for customers but also provides solutions to problems that may occur in customers’ production processes. The firm’s main customers are leading automotive manufacturers, such as Toyota, Honda, Yamaha, Isuzu, Suzuki, Mitsubishi, and Tier-1 automotive parts makers.

EUREKA has a paid-up registered capital of THB 85 million, with a par value of THB 0.50 each, consisting of 120 million existing common shares and 50 million newly-issued shares. The company sold 50 million shares to the general public through an IPO on February 18-20 at THB 2.25 per share, for a total of THB 112.5 million. Finnex Advisory Co., Ltd. is the company’s financial advisor, and Finansia Syrus Securities pcl is the company’s underwriter.

Narakorn Ratchapolsitte, EUREKA chief executive officer and managing director, said: “EUREKA has a strong commitment to be in a leading position as a machine designer and manufacturer for the Thai automotive industry by 2014. Fundraising proceeds will be invested in new technology to increase efficiency of design services and machine production and will also be used for working capital to support automotive industry expansion."

EUREKA's four major shareholders after the IPO are the Ratchapolsitte group (32.79%), Supapon Kittithanalak (6.31%), Jakapong Bhovadhi (5.82%) and Wichet Muangchan (5.82%). EUREKA has a price-earnings (P/E) ratio) of 26.45 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 40 percent of net profit according to the company’s separated financial statement, after tax and legal reserve each year.

For more information on EUREKA, 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  February 2013   
Subsribe Now !
US firms urged to invest in Asean infra projects Subcribe: Asean Affairs Global Magazine
Laos tracks progress to narrow Asean devt gap Asean Affairs Premium
Indonesia’s anti corruption drive leads to resignation of Indonesia’s Democratic Party Chair
Philippines sends ship to Sabah
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

Thai energy demand to double in 25 years: study

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

Asean Stock Watch      25  February 2013     

• Asean Stock Watch- February 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

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand