SET Senior Executive Vice President Manpong Senanarong said that CRC would list and start trading on SET in Services industry group, Commerce sector.
CRC, the multi-format and multi-category retailer pioneering omni-channel platforms in Thailand, is the country's leading retailer running different store designs & formats and flagship brands under the same umbrella with 1,922 stores across 51 provinces in Thailand, ranking third in Vietnam with 133 stores across 40 provinces, with the largest department store in Italy, operating 9 department stores located in 8 cities.
CRC is a holding company that invests in retail business divided into three segments namely 1) fashion segment: focusing on selling apparel and accessories under department store chains such as Central Department Store, Robinson Department Store and Rinascente, etc.; 2) hardline segment: selling consumer electronics, home decor items and renovation materials under different retailer brands such as Thai Watsadu and Power Buy, etc.; and 3) food segment: selling consumer and grocery products under such retailer brands as Tops, Central Food Hall, etc., including Big C Vietnam.
As of October 30, 2019, CRC had a registered paid-up capital of THB 4.7 billion with a par value of THB 1 each. After it offered 1.691 billion newly issued shares (excluding over-allotment shares) to general public at THB 42 each for a total of THB 71.02 billion, the company's registered paid-up capital has been increased to THB 6.03 billion with market capitalization at its IPO of THB 253.3 billion (including those earmarked to ROBINS's shareholders who accepted tender offer through share swap). Bualuang Securities pcl and Phatra Securities pcl are its financial advisors and lead underwriters; and Kasikorn Securities pcl also acts as another lead underwriter. Krungsri Securities pcl, SCB Securities Co.,Ltd., and Maybank Kim Eng Securities (Thailand) pcl serve as underwriters.
CRC Chief Executive Officer Yol Phokasub said that CRC is very proud to make a new mark with a success in becoming the country's largest IPO ever, as well as being the world's second highest ranking IPO offered by retailers. The remarkable deal reflects confidence of both local and foreign investors in the world-class Thai retailer's potential and growth opportunity. The fund raised will be used to finance business expansion and stores' renovation to enhance Thai retail industry's capabilities and the country's economy. The solid fundamental stock, CRC, can be an alternative for investors looking for the world-class asset with unlimited growth opportunity in a sustainable manner.
CRC major shareholders after IPO are HCDS (35.1 percent), Morgan Stanley & Co. International Plc (5.8 percent) and Hawthorn Resources Limited (4.2 percent).
CRC's dividend policy is to pay no less than 40 percent of net profit from the consolidated financial statement after corporate income tax and legal reserves. However, the company's dividend payout may be different from this policy subject to the company's performance, financial liquidity and future business plan as well as economic circumstances.
For more information on CRC, 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.centralretail.com and www.set.or.th. The 1st trading day ceremony, will go live on SET Facebook (set.or.th) on Feb 20, 2020, 9:30 am onwards.