Bangkok Aesthetic Connect Public Company Limited, a provider of facial cosmetic surgery services under the name “Teeraporn Clinic”, is ready to trade on the MAI Stock Exchange on 24 Oct. The value of securities at the IPO price is 4,900 million baht, using the abbreviation ” TRP” in securities trading.
Mr. Praphan Charoenprawat, Manager of the MAI Stock Exchange (mai), revealed that the mai Stock Exchange welcomes Aesthetic Connect Public Company Limited to register and begin trading on mai under the service group. Using the securities trading abbreviation “TRP” on October 24, 2023.
TRP operates a medical clinic hospital under the name “Teeraporn Clinic” to provide facial cosmetic surgery services to the general public, such as facelift surgery (Face-Lock), double eyelid surgery Rhinoplasty and nourish the skin With a team of medical experts with more than 10 years of experience, led by Assistant Professor Dr. Chonthit Sinrattanan Former President of the Facial Plastic Surgery Association of Thailand Who has expertise and experience for more than 40 years. The company’s main income is 97 percent from cosmetic surgery services. Currently, Teeraporn Clinic is open for business in a 5-story office building on Charoen Nakhon Road, Khlong San District, with a usable area of approximately 1,157 square meters. meters, there are 6 operating rooms, 3 consulting rooms and a team of 26 doctors. In addition, the company is in the process of constructing a hospital for cosmetic surgery. On Somdet Phra Chao Taksin Road, Thonburi District, which will have a usable area of 9,918 square meters, cost approximately 922 million baht, and is expected to open for service within the 4th quarter of 2024.
TRP has paid-up capital after IPO of 175 million baht with a par value of 0.50 baht per share, consisting of 260 million existing common shares and 90 million additional common shares, 67.5 million shares offered for sale to individuals at the discretion of the underwriter. 13.5 million shares of the company, 9 million shares of directors, executives and/or employees of the company on 10-12 October 2023 at a price of 14.00 baht per share, equivalent to an offering value of 1,260 million baht, the value of securities at the IPO price of 4,900 million baht. The IPO price determination is calculated as a price to net earnings per share (P/E ratio) of 21.12 times, calculated from net earnings per share for the last 4 quarters (1 July 2022 to 30 June 2023). ) which is equal to 232 million baht divided by the total number of common shares after this stock offering (fully diluted), equivalent to a net profit per share of 0.66 baht, with Capital One Partners Co., Ltd. as the financial advisor. and Globlex Securities Co., Ltd. is the underwriter and underwriter of the common shares.
Asst. Prof. Dr. Chonthit Sinrattanan Chief Executive Officer of Aesthetic Connect Public Company Limited (TRP) revealed that the company focuses on excellence in facial beauty care by a team of experienced medical professionals. and remain committed Continuously develop surgical techniques Through more surgical experience along with supporting the medical team to conduct research and attend seminars abroad. He is a lecturer and expert in surgery. Including facelifts, eyes and noses to create fame and confidence that The company’s medical team is a leader in facial surgery in Asia. For the money raised from this fundraiser, it will be used to invest in the hospital construction project. Purchasing medical tools and equipment Repay loans from financial institutions and to use as working capital for business operations
TRP’s major shareholder after registration is the Jirayyuen Family Group, holding 65.57% of the shares. The company has a policy of paying dividends to shareholders at a rate of not less than 50% of net profits after deducting corporate income tax. Legal reserve each year
Source: Thai News Agency