News Detail

Date/Time
08 Nov 2017 17:18:00
Headline
SET News :mai welcomes Applied DB on November 9
Symbol
SET
Source
SET
Full Detailed News
Download Full Detailed News
                                                                                 SET News 
96/2017
                                                                    November 8, 
2017

mai welcomes Applied DB on November 9

Bangkok, November 8, 2017- Market for Alternative Investment (mai) will list 
Applied DB pcl, a manufacturer of adhesives, sealants and plastic compound, on
November 9 under the ticker symbol "ADB". The company has a market
capitalization at its initial public offering (IPO) of THB 1.01 billion (approx.
 USD 30 million).

mai President Prapan Charoenprawatt said that ADB would list and start trading 
on mai in the Industrials industry group. ADB is the producer and distributor of
two product lines: 1) plastic compound - which is a raw material used to
produce electrical wires, cables, furniture edges, PVC pipe connectors and
footwear outsoles, and 2) adhesives and sealants used for bonding applications
and leak sealing for all industries and households. The products are supplied to
both local and foreign customers under the company's own brands and original
equipment manufacturers (OEMs) for leading brands recognized at international
level.

ADB has a paid-up registered capital of THB 300 million, consisting of 420 
million existing common shares and 180 million newly issued shares, with a par
value of THB 0.50 each. It offered the entire newly issued shares through IPO to
general public at THB 1.69 each, for a total of THB 304.2 million, during
November 1-3. RHB Securities (Thailand) pcl is its financial advisor and lead
underwriter.

ADB Chief Executive Officer Wang Wanapaison said that over the past 12 years the
company has been committed to manufacturing and supplying internationally
accepted quality products. The company has a research and development or R&D
team to catering to customer demand, developing new products to meet future
growth of potential market. The fund raised will be used to purchase new
machinery and equipment for business expansion, repay debts to financial
institutions, and for R&D of both product lines and as working capital.
     
ADB's three major shareholders after the IPO are Rattanachai Wongcharoensin 
Group (25.28 percent), Wang Wanapaison Group (21.48 percent) and Pawat
Wongtangtrakul Group (15.75 percent). The IPO price was equivalent to
price-to-earnings (P/E) ratio of 28.03 times calculated by using the company's
net profit totaling THB 36.17 million in the past four quarters (July 1,
2016-June 30, 2017) divided by fully diluted shares, representing earnings per
share of THB 0.06. ADB's dividend policy is to pay no less than 30 percent of
net profit from the company's separate financial statement, after corporate
income tax and legal reserves.

For more information, please see the company's prospectus at the Securities and 
Exchange Commission's website at www.sec.or.th ; and for general information,
please visit www.adb.co.th  , as well as www.set.or.th  .

                                                                                
                                                     
                                              "SET... You Grow, We Groom"
______________________________________________________________________