Asia Network International Public Company Limited The operator of the airline cargo sales representative business for leading airlines is ready to trade on the Stock Exchange of Thailand on 14 Dec. with a security value at the IPO price of 9,702 million baht, using the abbreviation for purchasing. Selling securities as “ANI”
Mr. Manphong Senanarong, Deputy Manager, Head of Securities Issuer Division The Stock Exchange of Thailand revealed that the Stock Exchange welcomed Asia Network International Public Company Limited. Listed and started trading on the stock exchange In the service group, transportation and logistics business category Using the securities trading abbreviation “ANI” on December 14, 2023.
ANI operates the business of being a Cargo General Sales Agent (Cargo GSA) (“GSA”) for more than 20 leading airlines in 8 countries and special administrative regions in East Asia, including Thailand. Singapore, Vietnam, People’s Republic of China Hong Kong Special Administrative Region, Malaysia, Cambodia and the Republic of the Union of Myanmar Covers the route Fly to over 400 destinations in every region around the world.
The Company is considered one of the major players in the GSA business, with a market share of more than 23 percent (according to Frost & Sullivan data: freight transport volume through GSA in 2022 in Thailand, Vietnam, Singapore, Malaysia, Hong Kong Special Administrative Region, and Cambodia. ) In addition, the company also operates a continuous service business. By providing personnel resources Including vehicles and related equipment for Providing services to airport ground handlers (Ground Handler) of Changi Airport, Singapore.
ANI has 1,848,000,000 issued and paid-up shares after IPO, consisting of existing common shares. 1,293,261,100 shares and 554,738,900 additional common shares with a par value of 0.50 baht per share, total paid-up registered capital after IPO of 924,000,000 baht by offering additional common shares to the public. 82 percent will be given to individuals at the underwriter’s discretion, and the remaining will be given to benefactors of the Company and/or its subsidiaries and directors, executives, and/or employees of the Triple I Logi Group. Sticks between 4 and 6-7 December 2023 at a price of 5.25 baht per share, calculated as the fundraising value. 2,912,379,225 baht or equivalent to 30 percent of the total number of issued and paid shares of the company. After the offering of additional common shares and the value of securities at the IPO price is 9,702,000,000 baht, with Kiatnakin Phatra Securities PCL. is the financial advisor and UOB Kay Hian Securities Public Company Limited (Thailand) is the underwriter.
Ms. Bee Leng Goh, Chief Executive Officer of Asia Network International Public Company Limited, revealed that the company is very pleased and honored that ANI shares will be listed on the Stock Exchange of Thailand. As a leader in the sales representative business Cargo Airline (GSA) in the region, we are ready to raise the level of continuous growth. Through expanding the GSA business service network to cover key economic zones in Asia and around the world. Through entering into partnerships with other players in the industry, creating strong and sustainable business growth for shareholders, investors and all stakeholders of the company.
The proceeds from this round of funding will be used by ANI for financial restructuring from the acquisition of GSA businesses in Singapore and Malaysia in late 2022, as well as working capital for business operations. for the future growth of the company
ANI’s major shareholders after the IPO are Triple I Logistics Public Company Limited (III) with 36.1 percent and Mr. Thomas Tay Nguen Cheong with 33.2 percent.
The Company has a policy to pay dividends to shareholders of not less than 40 percent of net profits according to the Company’s consolidated financial statements after deducting Corporate income tax and after deducting various reserves All types specified by law and company regulations each year. But it must not exceed the amount of retained earnings. From the Company’s separate financial statements, the Board of Directors will consider dividend payments by taking into account various factors for the benefit of shareholders and the necessity for the Company’s operations. As the Board of Directors deems appropriate or appropriate.
2023-12-13 17:52:34
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