LiVEx President Prapan Charoenprawatt said that LiVEx realizes the importance of small-sized entrepreneurs such as SMEs and startups as engines driving the country's economy. Therefore, LiVEx, in collaboration with the Securities and Exchange Commission (SEC), has developed the criteria to support broad-based fundraising and listing on LiVEx to allow these entrepreneurs to access funding sources for growth. Simultaneously, LiVEx also promotes the potential of SMEs and startups to grow strongly via the LiVE Platform, exclusively designed to enhance the knowledge base in doing business. AWS22 is one of the companies that have undergone the preparedness process via LiVE Platform and significantly considered the first securities to be listed and traded on LiVEx. The LiVEx is an equity trading venue for investors with knowledge, experience and net worth at certain risk tolerance level as specified by the SEC, such as institutional investors, venture capital (VC), private equity (PE), and high-net-worth investors.
AWS22 and its subsidiaries operate the business of designing and developing digital technology in the field of IT solutions, and provide complete system of on-cloud digital platform with two types of products and services: 1) Ticket management system business and IT solution business, including the end-to-end ticket management system, balance blockchain web-application system and e-commerce system. 2) Prepaid system business and automated vending machine such as top-up system, prepaid system for online payment of goods and services, and management of automated vending machine Major customers are large enterprises and SMEs in various industries.
AWS22 has a registered paid-up capital of THB 120 million, consisting of 200 million existing common shares and 40 million newly issued shares, with a par value of THB 0.50 each. It offered the 40 million newly issued shares to certain investors specified by the SEC during September 1-2 and 5, at THB 2.00 each, for a total of THB 80 million. Krungthai XSpring Securities Co., Ltd. is the lead underwriter.
AWS22 Chief Executive Officer Virot Siriratanaruk said that the company and subsidiaries prioritize research & development of innovations in digital technology, and the search of business partners to further develop various systems to meet customer needs. The fund raised will be used to invest in the development of blockchain-as-a-service system and ticketing on blockchain, vending machine distribution expansion, the information technology infrastructure, to develop personnel to support the expansion, and as working capital. In addition, the company gears up for various operating system development to be well-prepared for the listing on Market for Alternative Investment (mai) in the future.
AWS22's major shareholders after the IPO are Virot Siriratanaruk (35.23 percent), Donchai Lertpaisan (12.76 percent) and Kobdet Namprakai (8.29 percent).
Please find more details on the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.advws.com as well as www.live-platforms.com/live-exchange.
Source: SET Corporate Communications