The Securities and Exchange Commission (SEC) counts one of the filings of MEP Corporation Public Company Limited (MEB), the leader in the business of selling electronic books (E-Book), distributing electronic reading devices. (E-Reader) and a digital library platform for organizations (Hibrary) in Thailand, plans to sell up to 75.5 million IPO shares, preparing to be listed on the Market for Alternative Investment (mai) within the first quarter of 2023. This raises funds to expand the business that is currently on the platform. and used for expanding new businesses Along with improving the platform and working capital Strengthen business growth
Mr. Rawiworn Mahasit, Chief Executive Officer, MEB Corporation Public Company Limited (“Company” or “MEB”), as a leader in electronic book distribution business (E-Book) through the meb and readAwrite platforms, which are literary reading platforms. Thailand’s leading online Revealing plans to list on the Market for Alternative Investment (mai) that the IPO is an important step in expanding the business. to continuously increase opportunities for future growth especially expanding new businesses Increasing variety of content and as working capital for business operations to build financial strength In addition, this fundraising It is also an opportunity for investors and the general public to take part in furthering the success of MEB.
MEB operates the business of distributing electronic books (E-Book) through the websites www.mebmarket.com and www.readAwrite.com. and meb and readAwrite applications on various operating systems. In addition, the Company also has other businesses such as distribution of electronic reading devices (E-Reader) and business of providing digital library platform for organizations (Hibrary), which operates Work through the Company’s subsidiary, Hi-Tech Interactive Co., Ltd. (“Hytexts”)
The company has implemented a strategy to emphasize its leadership in providing full-service E-book services with the determination to create maximum satisfaction for users from efficient products and services. with the development of the company’s platform continually To support most of the computers, smartphones and tablets available in the market to be able to access the service. along with plans to add new literature Always on a stable platform and is safe to use It also supports the use of technology in creative ways for the environment in a sustainable manner.
for the Company’s performance There is a strong and continuous growth in 2019 – 2021 and the 9-month period of 2022. The company has a total income of 618.72 million baht, 1,004.68 million baht, 1,456.38 million baht and 1,263.54 million baht, respectively, and has a net profit of 82.09 million baht, 164.74 million baht, 275.34 million baht, and 241.85 million baht, respectively.
While the purpose of using the proceeds from this fundraising To be used for business expansion in the current platform, consisting of meb readAwrite and Hytexts by adding online literature content. both from the purchase of literary rights in fiction and other non-fiction genres and used for expanding new businesses related to current business And finally used to improve and develop the current platform to better meet the needs of customers and serve as working capital for business operations. to continue to strive for strong and stable growth,” Mr. Rawiworn finally said.
Mr. Pichet Sithi-Amnuai, Managing Director Bualuang Securities Public Company Limited, as a financial advisor to MEB Corporation Public Company Limited (MEB), announced that on January 17, 2023, the Securities and Exchange Commission (SEC) has Start counting one of MEB’s registration statement and draft prospectus. and expects to offer shares to the public for the first time (IPO) within the first quarter of 23
MEB has submitted an IPO offering in the amount of not more than 75,500,000 shares at a par value (par) of 0.50 baht per share or 25.17 percent of the total number of paid-up ordinary shares of the Company. After the issuance and offering of newly issued ordinary shares this time It will be listed on the Market for Alternative Investment (mai) in the service sector. divided into 22,500,000 newly issued ordinary shares and 53,000,000 existing ordinary shares offered for sale by existing shareholders. Surname Lim as the founder of the company will hold a total of approximately 18.7 percent in MEB and Central Retail Corporation Public Company Limited through a subsidiary in the group which is the former major shareholder will hold approximately 56 percent in MEB.
