mai President Prapan Charoenprawatt said that K would list and start trading on mai in the Property & Construction industry group. K operated full services of design and build business in four types of services which are interiors, exhibitions, alternative marketing, and museums & theme park. Being a strategic partner with Kingsmen Creatives Ltd., one of the leaders in communication design and production businesses from Singapore, would bring along connection with international clients. In addition, K has business operating mainly in Thailand and Myanmar through Kingsmen Myanmar Co., Ltd, a K's subsidiary.
K has a paid-up registered capital of THB 100 million, consisting of 150 million existing common shares and 50 million newly issued shares, with a par value of THB 0.50 each. During December 2-4, it offered newly issued shares to the general public via IPO, at THB 5.80 each, for a total of THB 290 million, and offered 10 million existing common shares from Kingsmen Creatives Ltd., K's partner, at THB 5.80 each, for a total of THB 58 million. Thanachart Securities pcl was the financial advisor and lead underwriter.
K's Chairman of the Board Chayawat Pisessith said that focusing on quality enhancement and customer relationship management, K could attract both well-known domestic and world-class high reputation companies as clients. The fund raised would be used to invest in factory expansion, business expansion in Myanmar, debt repayment and working capital. Thus, the listing would strengthen the business responding to the increasing of business opportunities.
K's three major shareholders after the IPO are Pisessith Family (46 percent), K's Management group (14 percent), and Kingsmen Creatives Ltd. (10 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 19.40 times calculated by using the company's net profit in the past four quarters (Q4/2014–Q3/2015), divided by fully diluted shares, representing earnings per share of THB 0.30. K's dividend policy is to pay no less than 30 percent of net profits after taxes and reserves.
For more information on K, 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.kingsmen-cmti.com , as well as www.set.or.th.
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