mai market accepts 24CS shares, starts trading 3 Oct. : InfoQuest

Mr. Praphan Charoenprawat, Manager of the Market for Alternative Investment (mai), said that the mai Stock Exchange welcomed Twenty Four Con and Supply Plc. By using the stock trading abbreviation “24CS” on October 3, 2022

24CS operates as an importer and distributor of air conditioning and ventilation equipment. The leading international standard brand is TROX and is a distributor for many brands such as TRANE AAF KRUGER HONEYWELL etc. In addition, the company is also a service provider for the installation of building engineering systems. and other construction works such as civil works, architecture works, in order to be able to provide comprehensive services to customers

Most of the customer base is the main contractor such as Italian-Thai Development Public Company Limited and Power Line Engineering Public Company Limited, who are responsible for the construction of the structure. large basis electric system work Buildings around airports, power plants, including power stations and office buildings

In the six-month period ended June 30, 2022, the Company has revenue from sales with construction : sales of materials and equipment equal to 62 : 38 and the Company has unrecognized work value as revenue of 1,168.41 million baht.

24CS has a paid-up capital of 215 million baht with a par value of 0.50 baht per share, consisting of 300 million existing ordinary shares and

130 million newly-issued ordinary shares by offering at the discretion of the underwriter of not less than 108.50 million shares, offering not more than 19.50 million shares to the Company’s patrons and offering to the Company’s employees 2 million shares of non-executive directors or executives on September 23, 26-27, 2022 at a price of 3.40 baht per share, representing a fundraising value of 442 million baht, with a stock value at the IPO price of 1,462 million baht.

The IPO price determination is calculated as a price-to-earnings per share ratio (P/E ratio) at 48.57 times, calculated from the past 12-month net profit from July 1, 2021 to June 30, 2022, which is 29.14 million. baht divided by the total number of ordinary shares after the IPO (fully diluted), equivalent to a net profit per share of 0.07 baht, with UOB Kay Hian Securities (Thailand) Public Company Limited as a financial advisor. and Asia Wealth Securities Company Limited as the underwriter.

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Mr. Yosavee Wattanatheerakijcha Chief Executive Officer of 24CS revealed that the company’s strength is to be a distributor of air conditioning equipment of leading brands both domestically and internationally. This makes it possible to manage costs effectively. Including having a team of engineers who have experience and expertise in system installation especially the air conditioning system and the control of the internal environment It is recognized for the quality of work until it has been trusted by customers continuously. The proceeds from this fundraising will be used as working capital for the company’s business operations.

24CS has major shareholders after IPO, namely Mr. Yosavee Wattanatheerakitcha, holding 24.42%, Mr. Santi Maneewong, holding 24.42%, Mr. Tawatchai Jirawattana Angkana, Mrs. Praphai Wongmaket and Mr. Poonsawat. Sripatranusorn holds 6.98% each. The company has a policy to pay 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 All types as required by law and the company

By InfoQuest News Agency (30 Sept. 65)

Tags: 24CS, mai, Market for Alternative Investment (MAI), Twenty Four Con and Supply, Praphan Charoenprawat, Yosavee Wattanatheerakijcha, Thai stocks