SEC counts one flight “Meena Transport (MENA)” is preparing to offer 184 million shares of IPO, bringing additional funds to the ready-mixed concrete transportation business. And a trailer – able to pay debts. Asia Plus Securities is a financial advisor.
Mr. Lek Sikornwitthit, President of Asia Plus Advisory Company Limited, as a financial advisor, Mina Transport Public Company Limited or MENA, revealed that the Securities and Exchange Commission (SEC) has counted one form. Application for an offer for sale of securities and registration statement for offering of securities (Fireing) on 15 Jan 64 ago.
MENA is an expert in delivering ready-mixed concrete with concrete mixer trucks. Or mixer (Mixer) with high growth potential and is in the business that benefits from infrastructure Project construction And in line with the government’s policy to drive investment in the country because the transportation is a necessity.
The MENA cars are considered numerous in comparison with the industry. Outstanding in concrete mixer trucks Have big customers trust Trust in the service continuously With a high level of management ability Executives have over 27 years of business experience and expertise and are ready to embrace future growth opportunities. Became the first operator in the concrete mixer truck business Who proceeded to be listed on the Stock Exchange of Thailand
For this offering of MENA’s newly issued ordinary shares (IPO), no more than 184 million shares at the par value (par) of 0.50 baht per share, representing 25.1% of the total issued and paid-up shares of the Company. After this offering of newly issued ordinary shares to the public, the Company currently has registered capital of 367 million baht, paid-up capital of 275 million baht.
Mrs. Suwanna Kajornwuttidej, Chief Executive Officer of Mina Transport Public Company Limited or MENA, revealed that the ready-mixed concrete transport with concrete mixer trucks. Or mixer (Mixer), which is a growing business. And it has the ability to continue to profit due to the ability to manage vehicles and potential delivery workers. In controlling the quality of concrete products throughout the transportation
MENA is trusted by leading cement companies in the country, such as Siam City Concrete Co., Ltd. (INSEE), Asia Cement Products Co., Ltd. (BUA Concrete) and Construction Products and Materials Co., Ltd. (CPAC), including expanding its service coverage. Also other local manufacturing companies In addition, the company also provides towing or trailer transportation and sales of construction materials, construction equipment and tools. For complete And strengthen business opportunities
Currently, MENA has more than 600 vehicles to manage, 466 mixers, 83 trailer (trailer) trucks and 104 different types of semi-trailers. Manages a large fleet of fleets, enabling the company to expand its business and accept more jobs. Especially for large projects Which will transport various types of products For partners to various regions across the country
The objective of this fundraising will be used for investing in future projects. Repaying liabilities And used as working capital for business operations The future projects of the company Has a policy to set a minimum internal rate of return (IRR) for the benefit of the company. And shareholders
“MENA has been an expert in the transportation business for over 27 years, with experienced management team and great relationship With customers and partners By providing a standard service and the ability to manage a large number of trucks. Especially, the mixer can accommodate the needs of customers in large projects. Making it currently we are considered to be in the Top3 level of the industry Plans to list in the stock exchange this time because the company sees an opportunity Because we are in an industry that is constantly growing. Following the expansion of infrastructure construction Including opportunities in the EEC at the same time, also looking for opportunities To expand transportation vehicles to additional consumer customers From the beginning, we are strong in the construction industry, ”said Ms. Suwanna.
For an overview of the Company’s operating results The gross income from MENA’s business operation consists of revenue from transportation expenses. Service income Revenue from sales and other income In the first nine months of the year ’20, the Company’s total income was 476.6 million baht, with the main revenue coming from the transportation and concrete transportation cost more than 90% of the revenue. Total
While net profit was 24.4 million baht, slightly lower from 26.9 million baht in the first nine months of 2019 due to the COVID-19 impact, which slowed down the logistics. According to the work progress And customer needs However, due to MENA’s adjustment through cost reduction and MENA’s lower financial costs from continued debt repayments. As a result, the net profit margin improved to 5.5%. For the turnover in 2019, the total revenue was 703.7 million baht, net profit was 37.6 million baht.
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