Tuesday 25 October 2022
SEC has filing KJL prepares to offer IPOs of no more than 30 million shares, ready to trade on the Market for Alternative Investment (ever) during Q4 2022. grow in the future This strengthens leadership in manufacturing and distribution of electrical panels, light tracks and equipment used for wiring in Thailand internationally.
Mr. Phayphan Mahaphon, Chief Executive Officer of Yuanta Securities (Thailand) Company Limited investment banking department As a financial advisor (FA), Kitcharoen Engineering Electric Public Company Limited or KJL has disclosed the progress in introducing KJL into the alternative investment market (never) by submitting an application form. Approval for offering securities and filing with the Office of the Securities and Exchange Commission (SEC) for an initial public offering (IPO) not exceeding 30 million shares or equivalent to 25.86% of the Company’s total common shares issued and paid as a result of such offering of newly issued common stock Nominal value (Par) 0.50 baht per share Recently, the SEC relied on one on a deposit. By 2022 it should be listed on the Market for Alternative Investment (never) in the category of industrial products.
In this regard, KJL aims to raise funds for the modernization of production. building new factories and investing in automation machines to increase production efficiency, installing a solar system on the roof, investing in an innovation center (KJL Innovation Campus), increasing the capacity for technological development and innovation, using as working capital in the business and repay the loan in the short term
“KJL is ready to be listed on the Market for Alternative Investment (ever) to enable the company to achieve excellence in the manufacturing and distribution of electrical panels, conduits and wiring devices. and special sheet metal parts manufactured under the KJL brand and made to order. Ready to support operating results for the company to grow strongly over the long term, “Phayphan said.
side Mr. Kasemsan Suchiwaradom, managing director of Kitcharoen Engineering Electric Public Company Limited or KJL He mentioned KJL’s business path that the company started from a shop factory. Before expanding the investment into an industrial factory producing electrical panels, electrical panels, wiring ducts and sheet metal fabrication, special order, Sheet Metal Works, fully integrated with modern machinery and manufacturing technology from Japan. Under the KJL brand and made to order. (Made-to-order) which has received international quality standards. making it accepted by both domestic and international customers until now
Highlights of KJL with 26 years of experience with a team of competent and experienced executives. Focus on manufacturing and serving a full range of international and quality standards. By being able to respond to customer needs with maximum efficiency 24 hours a day and deliver work within specified time frames, KJL has earned the trust of customers and organizations from various industries. including a commercial alliance with “Schneider Electric”, France which is the world’s leading producer of electrical products. In licensing KJL to manufacture and distribute Prima iPM switchboard products.
For the operating results during the year 2019-2021, the company recorded a turnover of 753.67 million baht, 708.18 million baht and 845.78 million baht, respectively, while the net profit was respectively of 19.49 million baht, 90.97 million baht and 94.04 million baht.
Regarding the operating results for the half year 2022, the company has a turnover of 502.89 million baht and a net profit of 65.79 million baht, up compared to the same period of 2021, which has a turnover of 424 , 92 million baht and a net profit of 47.87 million baht
“This listing on the alternative investment market (never) aims to encourage the company to steadily grow in the industry. and enabling KJL to be a leader and specialist in the innovation of lighting cabinets, light tracks, electrical systems and a full range of custom fabricated sheet metal parts. Building a brand to grow in a sustainable world. according to the company’s vision It also gives investors the opportunity to take part in building KJL’s success together, ”said Kasemsan.
