24 December 2020
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“Money on wheels” prepared to enter the stock market Filing IPO sales up to 1.04 billion shares, revealing Krungsri ready to reduce shareholding
Bank of Ayudhya informed that Ngern Tid Lor Public Company Limited (NTL), a joint venture of the bank and Siam Asia Credit Access Pte Ltd (SACA), holding 50% of each share, submitted an application for an offering of newly issued ordinary shares Registration Statement for Offering of Securities And draft a prospectus to the Securities and Exchange Commission (SEC) today (24 Dec)
Bank as shareholder Which may consider offering some shares held at the same time as the Initial Public Offering (IPO), therefore, has submitted a securities offering registration statement and draft prospectus to the SEC. T. go together
No more than 1,043,542,800 IPO shares, par 3.70 baht per share consisting of the number of newly issued ordinary shares offered by not more than 210,816,700 shares and the existing ordinary shares that may be offered by the existing shareholders not more than 832,726,100 shares
Divided into 1. No more than 284,144,300 Bank of Ayudhya shares; 2. SACA shares not exceeding 412,467,600 shares; More than 15% of the total number of shares offered in the IPO to accommodate the need for excess allocation of shares.
Ngern Tid Wheel is a leading financial service provider used by commercial banks. Service under the brand name “Ngern Tid Wheel” plans to raise funds to list shares on the Stock Exchange of Thailand. For IPO’s offering price It will be determined later after it has been approved by the SEC.
After IPO and the offering of existing ordinary shares, the Bank of Ayudhya’s shareholding ratio will decrease as follows: The Bank’s shareholding ratio will be reduced to no less than 33.20% of the total paid-up shares and 2. In the event of excessive exercise of rights to purchase shares. The Bank’s shareholding will be reduced to no less than 30% of the total issued shares.
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