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Thai bourse to list Amata VN on December 16

Bangkok, December 15, 2015 – The Stock Exchange of Thailand (SET) will list Amata VN pcl, a holding company that has a core subsidiary abroad, under the ticker symbol “AMATAV,” which will start trading on December 16. Its foreign-based core firm is Amata Vietnam Joint Stock Company, an industrial estate developer in Vietnam.

SET Executive Vice President Santi Kiranand said that AMATAV would list and start trading on SET in the Property & Construction industry group, Property Development sector, being listing on SET as the third holding company whose core subsidiary operates aboard. AMATAV’s foreign-based core firm, Amata Vietnam Joint Stock Company, an industrial estate developer has invested in “Amata City (Bien Hoa)” project in Vietnam. In addition, AMATAV has also developed a commercial and residential project named “Amata Commercial Complex.” in Vietnam. This listing underlined one of SET’s strategic plans to become a fundraising hub not only for companies in Thailand but in the whole region as well, and also reflected  that Amata Corporation pcl (AMATA), SET-listed AMATAV’s parent company, envisioned the growth potential and financial stability of its subsidiary via the listing.

AMATAV has a paid-up registered capital of THB 467.5 million, consisting of 768.63 million existing common shares and 166.37 million newly issued shares, with a par value of THB 0.50. During November 30–December 4, the company offered 42.68 million newly issued shares to AMATA’s shareholders and 123.69 million shares to the general public via IPO at THB 7.50 each for a total of THB 1.25 billion (approx. USD 34.7 million). The market capitalization of AMATAV at its IPO prices was at THB 7.01 billion. Siam Commercial Bank pcl and RHB Securities (Thailand) pcl are its financial advisors, while SCB Securities Co., Ltd., and RHB Securities (Thailand) pcl are its underwriters.

AMATAV CEO Somhathai Phanitchiwa said the fund raised would be used as working capital and for business expansion. The company has planned to develop AMATAV’s industrial estate in Vietnam, especially AMATA City in Long Thanh, Dong Nai province to serve the demand of investors in hi-technology industry. The project would start in 2016 and was expected to realize revenues by 2017. The company believed that this listing would bring a great opportunity as well as continuous growth and success to the company.

AMATAV's three major shareholders after the IPO are Amata Corporation pcl (36.4 percent), Amata Asia Limited (36.21 percent), E.C.I. Group Co., Ltd. and Sahapat Group (2.47 percent each). The IPO price was set by a book building process equivalent to price-to-earnings (P/E ratio) of 28.85 times, calculated by using the net profit in the past four quarters (Q4/2014–Q3/2015) of the divided by fully diluted shares, representing earnings per share of THB 0.26. The AMATAV’s dividend policy is to pay no less than 40 percent of net profits after taxes (from the separate financial statement after taxes and reserves).

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

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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






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