SET welcomes the first listed MLM firm Successmore Being on September 8

Stocks and Financial Services Press Releases Tuesday September 8, 2020 11:09
Bangkok--8 Sep--SET

The Stock Exchange of Thailand (SET) will list Successmore Being Plc, a multi-level marketing (MLM) consumer goods distributor on September 8, under the ticker symbol “SCM”. The company has a market capitalization at its initial public offering (IPO) of THB 1.14 billion (approx. USD 36.9 million).

SET Senior Executive Vice President Manpong Senanarong said that SCM would list and start trading on SET in the Services industry group, Commerce sector.

SCM operates an MLM business engaging in consumer goods sales and distribution. Over 70 percent of the company’s revenue is generated from dietary supplement products under Nutrinal brand, which is sold through its network of business representatives and dealers locally and internationally. Currently, it has 23 distribution centers nationwide with appointed dealers across six countries in Myanmar, Cambodia, Vietnam, Laos, Malaysia, and Singapore. The fundraising will be used to expand and refurbish its branch network so as to boost sales and product distribution channels, and as working capital.

SCM has a registered paid-up 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 the newly issued shares to the general public during August 27-September 1 at THB 1.90 each, for a total of THB 285 million. Maybank Kim Eng Securities (Thailand) pcl is its financial advisor and lead underwriter.

SCM Chairman of Executive Committee Sitthawee Kriatchawanun said that he is very pleased that SCM will get listed on the SET and confident that it will uplift the company’s brand and widely build public awareness as well as reach out to the firm’s new targeted members in the future. Moreover, the fund raised from this listing will also widen opportunities to grow SCM’s business.

SCM Chief Executive Officer Noppakrit Nithilertvijit said that SCM is considered Thailand’s first SET-listed MLM company, demonstrating high standard of operation and transparency. It reinforces that SCM is truly the MLM firm that manages to maintain its solid sales growth over the past several years. SCM offers high quality products, well-recognized by its network of members and consumers as the company has strategic priority of product development to serve next generation consumer’s needs towards good health and quality of living. Moreover, SCM would be attractive to investors, aiming at becoming a growth stock with steady dividend payment to be an alternative for investors looking to invest in a long-term growth potential stock.

SCM’s dividend policy is to pay no less than 50 percent of net profit after corporate income tax from the company’s separated financial statement, and legal reserves. However, the company’s dividend payout may be different from this policy subject to the company’s performance, financial liquidity and necessity of using working capital on operations management, future business expansion plan, as well as economic environment.

SCM’s two major shareholders after the IPO are Kriatchawanun family (40.96 percent), and Nithilertvijit family (31.05 percent).

For more information on SCM, please see the company’s prospectus at the Securities and Exchange Commission’s website at ; and for general information, please visit as well as .

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