SET Executive Vice President Santi Kiranand said that WICE would list on SET in Services industry, Transportation & Logistics sector. WICE was an international one-stop logistics solutions provider, offering services from sea freight and air freight import-export covering 100 countries worldwide, as well as handling customs clearance and domestic transportation. The company had strong expertise and experiences in sea freight shipments with routes covering key ports in global commercial hubs. The United States is among the main market, followed by Japan, Australia and China, respectively.
WICE has a paid-up registered capital of THB 300 million, consisting of 450 million existing common shares and 150 million newly issued shares, with a par value of THB 0.50 each. It offered newly issued shares to the general public via IPO during July 20-22 at THB 2.10 each for a total of THB 315 million. Phillip Securities (Thailand) pcl is the financial advisor and underwriter.
WICE Chief Executive Officer Araya Kongsoonthorn said that this enlisted in SET would enhance the company’s business opportunities and growth. The fund raised would be for building warehouse and trailer parking lots, buyingtrailers, developing information technology system, as well as for working capital which would accommodate much growing demand on logistics services
WICE’s three major shareholders after IPO are Kongsoonthorn and Tantisoonthorn groups (64.7 percent), Lim Meng Pui group (7.8 percent) and Fung Tai Wai (2.6 percent). The IPO price was equivalent to price-to-earnings ratio (P/E) of 21 times, calculated by using the net profit in the past four quarters (from April, 1 2014 to March,31 2015) of 59.98 million, divided by the number of fully-diluted shares, representing earnings per share of THB 0.10. WICE’s dividend payment policy is to pay no less than 50 percent of net profit after taxes and reserves.
For more information on WICE, 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.wice.co.th , as well as www.set.or.th .