Thai alternative bourse to list Home Pottery on June 29

Stocks and Financial Services Press Releases Friday June 26, 2015 17:25
Bangkok--26 Jun--SET

Market for Alternative Investment (mai) will list Home Pottery pcl, producer and distributor of Fine china tableware and kitchenware on June 29, under the ticker symbol "HPT". The company has a market capitalization at its initial public offering (IPO) price of THB 520 million (approx. USD 15.5 million).

mai President Prapan Charoenprawatt said that HPT would list in the Consumer Products industry group on mai. The company produced and distributed Fine china tableware and kitchenware, especially for hotels and restaurants, as original equipment manufacturer and its own brands named "PE'TYE" and "Heart@Home" with overseas market as its main target. Meanwhile, Home Pottery would be the first listed company from Lampang province in the northern part of Thailand, relative to the current trend that both enterprises in both Bangkok and the provinces have realized fundraising via the stock market as a key investment tool for business expansion.

HPT has a paid-up registered capital of THB 130 million, consisting of 400 million existing common shares and 120 million newly issued shares, with a par value of THB 0.25 each. The company offered newly issued shares to the general public via IPO during June 18-19 and 22 at THB 1.00 each, for a total of THB 120 million. Asset Pro Management Co., Ltd. was its financial advisor, while Phillip Securities (Thailand) pcl was its lead underwriter.

HPT Managing Director Niran Chourkittisopon said that this listing would enhance the company's image and strengthen financial capability. The fund raised would be used to improve production line's effectiveness and expand capacities to serve the growing market demand. It would also be used to expand distribution channels as well as for working capital and marketing purposes.

HPT's three major shareholders after the IPO are Chourkittisopon's family (70.71 percent), Roythavornkij's family(6.22 percent) and Thanatat Pattana Co., Ltd. (0.58 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 43.10 times, calculated by using the company's net profit in the past four quarters (April 1, 2014 – Mar 31, 2015) of THB 12.09 million divided by fully diluted shares, representing earnings per share of THB 0.0232. HPT's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.

For more information on HPT, 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.homepottery.com, as well aswww.set.or.th.

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