ASEAN KEY DESTINATIONS
Thai bourse lists Mc Group on July 4
The Stock Exchange of Thailand (SET) welcomes Mc Group pcl, a ready-to-wear clothing and lifestyle retailer, to its main board, which will start trading on July 4, under the ticker symbol "MC", after it raised THB 12 billion (approx. USD 400 million) via an initial public offering.
SET Executive Vice President Chanitr Charnchainarong said: "MC will be listed and traded under the services sector, as a part of the main bourse's commerce industry, on July 4. MC operates a ready-to-wear retailing business including lifestyle clothing and accessories under its own brands and other brands, leading on brand management, sales and marketing management, product sourcing, warehouse management and distribution channel management of product portfolios under its own trademark, namely Mc, McLady, McPink, Bison, McMini, and the product portfolios under the trademarks of other brands. MC now has 530 sales outlets nationwide and 7 sales outlets aboard.”
MC has a paid-up registered capital of THB 400 million (approx. USD 13.33 million), consisting of 600 million existing common shares and 200 million newly-issued shares, with a par value of THB 0.50 each. The company sold 200 million shares to the general public via IPO on June 26 - 28, at THB 15.00 per share, for a total of THB 3 billion (approx. USD 100 million). Thanachart Securities pcl is company's financial advisor. Thanachart Securities pcl and Kasikorn Securities pcl are company's lead underwriters.
Sunee Seripanu, Chief Executive Officer of Mc Group, said: "Fundraising proceeds will be
used for business expansion, including increasing distribution channels from the current 537 shops to 751 within the next three years, investing in research and development of product design center for more effective production, developing IT platforms and distribution hubs, and repaying long-term bank loans. The rest of the proceeds will be used for working capital and further business expansion in the future.”
MC's top three shareholders after the IPO are Ms. Sunee Seripanu (33.81%), Mr. Pichai Karnjanarporn (29.08%), and Mr. Virach Seripanu (3.75%). MC’s IPO price was derived through book-building and had a price-earnings (P/E) ratio of 18.7 times, calculated using earnings per share over the last four quarters (from the second quarter of 2012 to the first quarter of 2013), and 800 million fully-diluted shares. The company's dividend policy is to pay no less than 50 percent of net profit after reserves.
For more information on MC, please see the company's prospectus at the Securities and Exchange Commission's website www.sec.or.th and general information on the company's website at www.mcgroupnet.com and www.set.or.th
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For more information, please contact S-E-T Call Center +66 (0) 2229 2222
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Communications Dept.: Kanokwan Khemmalai, tel: +66 (0) 2229 2048 / Arada Kultawanich, tel: +66 (0) 2229 2796
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