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Home  >>   Daily News  >>   Thailand News  >> Capital Markets  >> Thai alternative bourse to list Bangkok Dec-Con on September 25
NEWS UPDATES Asean Affairs   25 September 2013  

Thai alternative bourse to list Bangkok Dec-Con on September 25   
The Stock Exchange of Thailand (SET) welcomes Bangkok Dec-Con pcl to its Market for Alternative Investment (mai). The company will list and start trading on September 25 under the ticker symbol "BKD", after raising THB 270 million (USD 8.7 million) through an initial public offering.

SET Senior Vice President Paveena Sriphothong said that Bangkok Dec-Con will be the tenth new listing on mai this year. The company provides a full range of interior design and decoration services for condominium, hotels, offices, shopping malls, and government units, etc., including procurement of equipment and furniture, prefabrication, and installation. BKD's famous clients include the Amari Hua Hin Hotel, the head office of the Bank for Agriculture and Agricultural Cooperatives (BAAC), and PTT group.   

BKD has a paid-up registered capital of THB 350 million, with a par value of THB 0.50 each, consisting of 520 million existing common shares and 180 million newly-issued shares. The new shares were offered to the general public through an IPO on September 16-18 at THB 1.50 per share, for a total of THB 270 million. Bangkok City Advisory Co., Ltd. is the company's financial advisor, while Asia Plus Securities pcl is its underwriter.

Nuchanart Ratanasuwanachart, Executive Chairman of BKD, said that fundraising proceeds would be used for working capital and expansion in domestic and overseas markets and to prepare for the upcoming ASEAN Economic Community. The company has committed to being Thailand’s leading provider of interior design and decoration service provider.

BKD's four major shareholders after the IPO are the Ratanasuwanachart family (73.57 percent), Mr. Annop Limprasert, Mr. Sompongse Chonkadeedumrongkul, and Mrs. Worawon Jungsuppisan each holds 2.86 percent. The IPO price had a price-earnings (P/E) ratio) of 11.54 times, calculated using earnings after extraordinary items over the last four quarters (from July 1, 2012 to June 30, 2013), divided by the number of fully-diluted shares, or earnings per share at THB 0.13. The company's dividend policy is to pay no less than 40 percent of net profits after corporate taxes and reserves.

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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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