Bangkok, QTCG Public Company Limited, construction contractor for building engineering systems. Ready to trade on the MAI Stock Exchange on April 4 with a securities value at the IPO price of 720 million baht, using the securities trading abbreviation “QTCG”.
Mr. Praphan Charoenprawat, Manager of the MAI Stock Exchange (mai), revealed that the mai Stock Exchange welcomes QTCG Public Company Limited to register and begin trading on mai under the Real Estate and Construction Group. Using the securities trading abbreviation “QTCG” on April 4, 2024.
QTCG operates a complete business of contracting and installing building engineering systems (Mechanical and Electrical: MandE), consisting of electrical and communication systems. Air conditioning and ventilation systems Sanitary and water supply systems and fire protection systems within the building The company has customers in both the public and private sectors. They are distributed in a variety of industries, including power plants. Industrial factory groups,
building groups, hospital groups, hotel groups, etc. The company accepts work both from project owners as the main contractor. and receive work from the main contractor of the project, which the company will have as a subcontractor. In 2023, there will be income from being the main contractor: being a 50:50 subcontractor. There is a work value that has not yet been recognized as income. Dec. 31, 2023, amounting to 1,158 million baht. In addition, the company also has a subsidiary holding 99 percent of the shares, Suvarnabhumi Asset Management Company Limited, which conducts asset management business by purchasing or accepting transfers of debtors from financial institutions, which currently has ceased operating such business. said temporarily
QTCG has paid-up capital after IPO of 300 million baht, with a par value of 0.50 baht per share, consisting of 420 million existing common shares and 180 million additional common shares, offered for sale to individuals at the discretion of the underwriter in an amount
not less than 135 million. Shares of the company’s benefactors not exceeding 27 million shares, directors, executives and/or employees of the company not exceeding 18 million shares on March 27-29, 2024 at a price of 1.20 baht per share, equivalent to an offering value of 216 million baht. Securities at the IPO price of 720 million baht. The IPO price determination is calculated as a price-to-net-earnings-per-share ratio (P/E ratio) of 32.69 times, calculated from net earnings per share for the past 12 months (year 2023), which is equal to 22.02. Million baht divided by the total number of common shares after this stock offering (fully diluted), equivalent to a net profit per share of 0.04 baht, with UOB Kay Hian Securities (Thailand) Public Company Limited serving as the financial advisor. and UOB Kay Hian Securities (Thailand) Public Company Limited and Trinity Securities Company Limited are the underwriters and underwriters for the distribution of common shares.
Mr. Thitiwat Ngernnamchokthanarat Chief Exe
cutive Officer of QTCG Public Company Limited (QTCG) revealed that the company has more than 23 years of experience in the business and has a team of engineers with experience and potential. This allows the company to provide complete installation services for all engineering systems within buildings. Able to respond to customer needs with full efficiency Deliver quality and standardized work. within the time period agreed upon The money raised from this fundraising will be used as working capital for the normal business operations of the company.
QTCG’s major shareholders after registration are the Ngern Nam Chok Thanarat family group, holding 56% of the shares, and Mr. Yasawee Wattanatheerakitja, holding 7% of the shares. The company has a policy of paying dividends to shareholders at a rate of not less than 40% of net profit after corporate income tax For separate financial statements and after deducting various reserves
Investors and interested parties can see details From the company’s prospectus at th
e SEC’s website at www.sec.or.th and general information of the company at www.qtcg.co.th and www.set.or.th .
Source: Thai News Agency
