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NEWS UPDATES Asean Affairs   3 October 2013  

Thai alternative bourse to list WINNER on October 3   
The Stock Exchange of Thailand (SET) welcomes Winner Group Enterprise pcl to its Market for Alternative Investment (mai). The company will list and start trading on October 3 under the ticker symbol "WINNER", after raising THB 176 million (USD 5.68 million) through an initial public offering (IPO).
SET Senior Vice President Paveena Sriphothong said that Winner was an importer, producer, and distributor of food ingredients, and food additives for the food processing factories and bakery factories from a variety of global suppliers and has its own brand. The company also represents for consumer products such as Pop Secret microwave popcorn, Nature Valley granola bars and Betty Crocker bakery flour, and more than 500 other products.      

WINNER has a paid-up registered capital of THB 100 million, with a par value of THB 0.25 each, consisting of 312 million existing common shares and 88 million newly-issued shares. The new share issues were offered through an IPO on September 25-27 at THB 2.00 per share, for a total of THB 176 million. Thanachart Securities pcl is the company's financial advisor and underwriter.
Jane Wongisariyakul, managing director, said that the company was honored and pleased to raise funds and list on mai. Fundraising proceeds would be used for working capital, business expansion, and investment in warehouse expansion and IT, which would boost the company’s strength and growth prospects.  

WINNER's three major shareholders after the IPO are the Wongisariyakul family (50.56 percent), Rojchanavisart family (8.25 percent), and Tantanavivat family (3.32 percent). The IPO price had a price-earnings (P/E ratio) of 9.2 times, calculated using earnings over the last four quarters (from the third quarter of 2012 to the second quarter of 2013), divided by the number of fully-diluted shares, or earnings per share at THB 0.22, compared with an average P/E ratio in the related industry of 18.8 times (between August 16 and September 16) The company's dividend policy is to pay no less than 50 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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