OR shares, the leader in oil and retail businesses, ready to trade this February 11
On February 10, 2021 at 11:08 p.m.
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OR shares are ready to trade on the Stock Exchange of Thailand on February 11 with the value of securities at the IPO price of 208,980 million baht.
Mr. Manphong Senanarong Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand revealed that the SET welcomes PTT Oil and Retail Business Plc. Listed and started trading in the stock market In the resource industry Energy and Utilities Business By using the ticker symbol “OR” on February 11, 2021
OR is the PTT Group’s flagship company for operating both domestic and international oil and retail businesses, as well as being a leader in the retail and commercial markets. For fuel Liquefied petroleum gas And domestic lubricants By designing and managing the business in a combination Fulfill the needs of consumers Ready to create shared values for all groups of stakeholders in a balanced and sustainable manner Through more than 1,900 PTT stations nationwide (as of September 30, 2020) with a market share of 38.9% considering the retail sales of fuel of the service stations in Thailand (as of 31 December 2019 by Wood Mackenzie), OR also operates the largest number of Café Amazon branches in Thailand with over 3,100 branches (as of September 30, 2020) and is the 6th largest coffee shop brand in Thailand. World (as of December 31, 2019 by Euromonitor) includes an exclusive license in Thailand to operate a store under the brand “Texas Chicken” (Texas Chicken) and is entitled Master Franchise of Branded Food Business “Hua Seng Hong Dim Sum” (Hua Seng Hong Dim Sum) and also has business partners both world-class brands and many leading Thai brands.
On the first day of listing and trading on the SET, OR will have a paid-up capital of 116,100 million baht with a par value of 10 baht per share by offering 2,610 million newly issued ordinary shares to the general public (IPO). Shares at the offering price of 18 baht per share, totaling 46,980 million baht (excluding excess share allocation) and the securities value at the IPO price 208,980 million baht, with financial advisory firms and underwriters and guarantees. The sale of 5 companies: Bualuang Securities Public Company Limited, Finansa Securities Company Limited, Kasikorn Securities Public Company Limited, Securities Company Kiatnakin Phatra Public Company Limited and TISCO Securities Company Limited
Ms. Jiraporn Khaosawat, Chief Executive Officer and President of OR, revealed that listing on the Stock Exchange of Thailand. It will support OR to maintain its leadership status and operate the business according to the intended vision of being a world-leading Thai brand that creates value for the community through its oil business. Retail business And related businesses, OR plans to bring the proceeds from funding To expand the network of gas stations Business expansion for commercial marketing Invest in a petroleum product warehouse and distribution center Expanding retail network And invest in foreign business This includes investing in new businesses (New S-Curve) to prepare for the changing business environment from various environments. And expertise to the regional and global level
However, OR will have a major shareholder after IPO, namely PTT Public Company Limited or PTT, after the share acquisition and delivery of the shares. PTT’s shareholding will be no less than 75% of the paid-up capital after this offering of capital increase shares. Has a policy to pay dividends to shareholders at a rate of not less than 30.0% of the net profit after deducting reserves as stipulated by law and OR, without exceeding OR’s retained earnings.
Investors and interested people Please see details from the Company’s prospectus at the SEC’s website at www.sec.or.th. And general information of the company www.pttor.com and www.set.or.th
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