SET Senior Executive Vice President Santi Kiranand said ALT would list and start trading on SET's Technology industry group, Information & Communication Technology sector. The company was a one-stop telecommunication operator with three main business functions of producing, installing and repairing telecom base stations such as telecom turnkey site solutions, radio access network and outside plant, as well as distributing telecommunication devices and offering telecommunication infrastructure leasing.
ALT has a paid-up registered capital of THB 500 million, consisting of 750 million existing common shares and 250 million newly-issued shares with a par value of THB 0.50 each. During June 24 and 27-28, 2016, it offered newly-issued shares to the general public via IPO at THB 4.70 each, for a total of THB 1.18 billion, Finnex Advisory Co., Ltd. is its financial advisor, while Finansia Syrus Securities pcl is its underwriter.
ALT Managing Director Preeyaporn Tangpaosak said this listing would strengthen the ALT's financial capabilities and support ALT's business plan to increase recurring income proportion from rental income of infrastructure, for the company stability and sustainable growth. The fund raised would be used to invest in fiber-optic network of the rail poles for rental. This network would connect to the company's network to serve customers in all regions of Thailand, responding to demand of network operator and industry growth.
ALT's three major shareholders after the IPO are Preeyaporn Tangpaosak (74.40 percent), Templetion Investment Management (Singapore) PTE LTD (0.70 percent), and Tawan Soonthonyankit (0.60 percent). The IPO price, setby a book building process, was equivalent to price-to-earnings ratio (P/E ratio) of 23.50 times, calculated by using the company's net profit in the past four quarters (Q2/2015-Q1/2016) divided by fully diluted shares, representing earnings per share of THB 0.20. ALT's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
For more information on ALT, 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.alt.co.th , as well aswww.set.or.th .