NINE is a subsidiary of Nation Multimedia Group PCL (NMG, which is in the education, entertainment, and foreign businesses. The company prints, produces, imports and distributes “Nation book” pocket books for education and entertainment under copyright from well-known domestic and international writers and publishers. NINE’s business also includes youth publications from all continents, under the publication name “Nation Edutainment” and “Nation Egmont,” and is the representative of leading newspapers, e.g., The Wall Street Journal Asia, Forbes Asia and Times. (according to NINE’s prospectus)
NINE has a total paid-up capital of THB85 million (approx. USD2.83 million), consisting of 70 million existing common shares and 15 million shares from its capital increase, with a par value of THB1.00 each. During October 27-29, the company offered not more than nine million shares at THB2.40 per share to NMG’s existing shareholders, according to their pre-emptive rights. During November 1-3, the company offered not less than THB six million shares at THB2.40 per share at its initial public offering (IPO). The THB36 million (approx. USD1.20 million) raised will be used for developing the company’s printing media and IT operations; for inventory management and as working capital. Separately, NMG has sold 4 million existing NINE shares at THB2.40 per share to the general public. DBS Vickers securities (Thailand) Co., Ltd. was its financial advisor and underwriter.
NINE's P/E ratio at its IPO price was 8.63 times, calculated from the net profits if the preceding 12-month period (July 1, 2009-June, 30, 2010 ) of THB23.64 million (approx. USD0.79 million), divided by the number of total shares after IPO of 85 million shares, resulting in an earnings per share of THB0.28. (according to NINE’s prospectus)
NINE's policy is to pay out no less than 30.00% of net profits after taxes and legal reserves. The company's major shareholders are NMG, Mr. Duongrith Benjathikul Chairuongreang, and Mr. Thanachai Theerapattavong, who hold 77.65%, 1.18% and 1.07%, respectively, of total shares after the IPO.
For more information, please see the company's prospectus at the Securities and Exchange Commission at www.sec.or.th and for general information of the company, please visit NINE's website at www.nine.co.th and www.set.or.th
For more information, please contact S-E-T Call Center 0 2229 2222
Members of the media should contact the Public Relations Unit, Corporate Communications Dept.: Ladawan Kantawong, tel: 0-2229-2036 / Kanokwan Khemmalai tel: 0-2229-2048 / Nattaya Muangman, tel: 0-2229-2043