Bangkok--Aug 24--SET
The Chairwoman of the Capital Market Opportunity Center (CMOC) and Market for Alternative Investment (MAI), Ms. Sopawadee Lertmanaschai, disclosed that the SET Board of Governors has approved the listing on the Exchange of Oishi Group Pcl.’s securities in the Agro & Food Industry Group, using “OISHI” as its trading symbol.
OISHI has a total of THB 375 mln. in paid-up capital, comprised of an existing 150 mln. shares, and 37.50 mln. shares in capital increase, each with a par value of THB2. Of the capital-increase share portion, the Company sold 35.40 mln. shares to the public at THB19 per share, and another 2.10 mln. shares to its directors, executives and employees at THB16.15 on August 16-17, 2004. Asia Plus Securities Pcl. acts as the company’s financial advisor.
OISHI and its subsidiaries are engaged in two main businesses: 1) The Japanese restaurant and bakery business operated by OISHI and its wholly-owned subsidiary, Oishi Ramen Co., Ltd. The group now has a total of 80 restaurants and bakery outlets in and outside Bangkok. 2) The green tea drinks business, operated by Oishi Trading Co., Ltd., producer and distributor of the ready-to-drink ‘Oishi Green Tea’.
OISHI’s proceeds from its fundraising will be used for repaying its debts to financial institutions, expanding its green tea drink project, and as its working capital. OISHI plans to expand by at least 10 restaurants and bakery outlets per year, with its own investments in Bangkok and its vicinity as well as through its franchise system in upcountry areas. It also plans to increase its green-tea production capacity. In July 2004, the firm’s green tea production capacity in UHT packages has already been increased and production capacity for its PET bottles is expected to follow in September of this year. OISHI will also start producing frozen foods in 2005. Concerning its dividend payment policy, OISHI will pay out at least 40% of its net profits after taxes and legal reserves.
The three major shareholders of OISHI after the IPO are Mr. Tan Passakornnatee and group, Mr. Dumrong Phuksaritanont and group, and Mr. Chiu Yuen-Chin, holding 56.24%, 7.70% and 4.47% stakes respectively.
For more information on Oishi Group Pcl., please browse the company’s website, www.oishigroup.com, the SET’s website, www.set.or.th, or SETTRADE.COM’s website, www.settrade.com
For more information, please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kulvida Jintakawong Tel: 0-2229-2037 / Nattaporn Boonprapa Tel: 0-2229-2049 End.
--InfoQuest (NT)--