SET welcomes integrated logistics service provider "SINO" on September 20

Tuesday 19 September 2023 10:40
The Stock Exchange of Thailand (SET) will list Sino Logistics Corporation pcl, an integrated international logistics service provider, on September 20, under the ticker symbol "SINO". The company has a market capitalization at its initial public offering (IPO) of THB 1.46 billion (approx. USD 40.85 million).
SET welcomes integrated logistics service provider SINO on September 20

SET Senior Executive Vice President Manpong Senanarong said that SINO will be listed and start trading on SET in the Services industry group, Transportation & Logistics sector.

SINO is an integrated international logistics service provider, specializing in international freight forwarding services (freight forwarder) covering sea and air, multimodal transportation from origin to destination around the world, and other related services such as warehouses for rent, land transport and customs clearance. Specifically, the company has expertise in sea transportation routes to the North American zone, generating main income ratio at 76 percent of total service income in 2022. With over 24 years of experience and expertise in the logistics business, and the capability to provide ship capacity quickly in response to customer needs at a cost-effective price, the company has gained competitiveness and expanded customer base continuously, leading towards sustainable growth.

SINO has a registered paid-up capital of THB 520 million, consisting of 800 million existing ordinary shares and 240 million newly issued shares, with a par value of THB 0.50 each. It allocated 292 million ordinary shares to the general public, comprising 240 million newly issued shares and 52 million existing ordinary shares offered by Ting Fung Yeung, to individuals at the underwriters' discretion; and patrons, directors, executives and employees of the company and subsidiaries during September 13-15, 2023 at THB 1.40 each, for a total of THB 336 million in fund raised. Jay Capital Advisory Limited is the financial advisor and Finansia Syrus Securities pcl is the lead underwriter.

SINO Chief Executive Officer Nanmanus Witthayasakpant said that the company is very pleased that SINO shares have now been listed on SET. We are confident that the fundraising will help strengthen the company's financial position to support business expansion plans and increase competitiveness, aiming to efficiently meet customers' needs. Simultaneously, this will drive the company towards becoming one of the leaders in providing one-stop international logistics services in the ASEAN region. The fund raised will be used to enhance the potential growth of the business operations via the investment plan to expand the container storage service, invest with business partners locally and internationally in the ASEAN region, and as working capital to support SINO's long-term growth.

After the IPO, the company's major shareholders are the Witthayasakpant group (25.00 percent), the Leelawattanapanich group (22.73 percent), Ting Fung Yeung and his group (10.16 percent), and the Kitcharoen group (9.09 percent).

The company's dividend policy is to pay no less than 40 percent of net profit from the company's separate financial statements after corporate tax and all types of reserves as specified by the law and the company's regulations, the obligations according to the loan covenants. However, such dividend payment may be different from the stipulated policy, taken into consideration various factors mainly for the benefits of the shareholders and the company.

Investors and interested parties please see more details from the company's prospectus at the Securities and Exchange Commission's website at; and for general information, please visit as well as

Source: The Stock Exchange of Thailand