SET Executive Vice President Santi Kiranand said that SLP, was a subsidiary of Salee Industrial pcl (SALEE), would list in the Industrials industry, Packaging sector on SET. Engaged in production of labeling and high-quality printing, mainly in three categories: self adhesive label, in-mould label, and offset printing, its main customers were in health and beauty segment.
SALEE has a paid-up registered capital of THB 300 million, consisting of 900 million existing common shares and 300 million newly issued shares, with a par value of THB 0.25 each. It offered 420 million shares: 126.71 millionshares to SALEE’s shareholders during April 20-22 and 293.29 million shares to the general public via IPO duringApril 23-24 and 27, at THB 2.16 each. Country Group Securities pcl was its financial advisor and underwriter.
SLP Managing Director Sawet Narathipakorn said that this listing would enhance the company’s image and strengthen financial capabilities. The fund raised would be used for factory and warehouse construction, debt repayment and working capital in order to develop business for sustainable growth.
SLP’s three major shareholders after IPO are SALEE (65 percent), VIV Interchem Co., Ltd. (2.66 percent) and Asawakarn group (0.96 percent). The IPO price was set by a book building process, equivalent to price per earnings ratio (P/E ratio) of 27.00 times. SLP’s P/E ratio was calculated by using the company's net profit in the past four quarters (Q1 2014 – Q4 2014) divided by fully diluted shares, representing earnings per share of THB 0.08. SLP’s dividend policy is to pay no less than 30 percent of net profits after taxes and reserves.
For more information on SLP, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.saleepringting.com, as well aswww.set.or.th .
Members of the media please contact the Public Relations Unit, Corporate Communications Dept.:Arada Kultawanich tel: +66 (0) 2229 2796 / Darawan Maleesri tel: +66 (0) 2229 2798 / Kanokwan Khemmalai tel: +66 (0) 2229 2048.