mai welcomes Thailand Mobile EXPOs organizer M Vision on August 7

Stocks and Financial Services Press Releases Monday August 6, 2018 15:24
Bangkok--6 Aug--SET

The Market for Alternative Investment (mai) will list M Vision pcl, the organizer of Thailand Mobile EXPO, on August 7, under the ticker symbol "MVP". The company has a market capitalization at its initial public offering (IPO) of THB 380 million (approx. USD 11.5 million).

mai President Prapan Charoenprawatt said that MVP would list and start trading on mai in the Services industry group. MVP is the organizer of the triannual trade shows for mobile phones and technological products called "Thailand Mobile EXPO" which has been held since 2007, and other big events covering sport events, tourism events and seminars.

The well-known sport events organized by MVP include "Samsung Galaxy 10K Thailand Championship 2016", "Khao Pratubchang Trail (KPTC Trail)", "Tanaosri Trail" and "Chombueng Marathon". MVP also provides caravan rental service for all types of off-site events, and operates online and offline media advertising and e-commerce business, as well as being an authorized online distributor of Samsung mobile phones and electronic products.

MVP has a registered paid-up capital of THB 100 million, consisting of 130 million existing common shares and 70 million newly issued shares, with a par value of THB 0.50 each. It offered the entire newly issued shares to the general public via IPO during July 31–August 2, at THB 1.90 each, for a total of THB 133 million. Asset Pro Management Co., Ltd. is its financial advisor while Capital Nomura Securities pcl is the lead underwriter.

MVP Chief Executive Officer Opas Cherdpunt said the company had over 16 years of experience and expertise in creating print media and quality content related to smartphones, technology and IT, constantly adopting mobile phone-related innovations for business expansion. The fund raised would be used to purchase equipment for the company's event management business, develop e-commerce business system, pay back financial institution loans, and as working capital.

MVP's four major shareholders after the IPO are Cherdpunt Family (20.80 percent), Tharathorn Yuangbhandith (16.90 percent), Teerawat Suwanphinij (13.65 percent) and Sathit Phawasutthiphan (13.65 percent). The IPO price was equivalent to price-to-earnings (P/E) ratio of 15.83 times calculated by using the company's net profit in the past 12 months (April 1, 2017 - March 31, 2018) amounting to THB 24.49 million, divided by fully diluted shares, representing earnings per share of THB 0.12. MVP's dividend policy is to pay no less than 40 percent of net profit after corporate income tax and legal reserves.

For more information, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.mvisioncorp.com , as well as www.set.or.th .


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