Thanjira Retail Corporation Public Company Limited, a lifestyle and fashion retailer, is ready to trade on the Stock Exchange of Thailand on 18 Oct. with a securities value at the IPO price of 4,950 million baht, using the trading abbreviation “TAN.” “
Mr. Manphong Senanarong, Deputy Manager, Head of Securities Issuer Division The Stock Exchange of Thailand revealed that the Stock Exchange welcomes Thanjira Retail Corporation Public Company Limited to register and begin trading on the Stock Exchange. in the service industry group, commercial category, using the securities trading abbreviation “TAN” on October 18, 2023
TAN operates a lifestyle and fashion retail business. There are a total of 5 brands under operation. The company has exclusive rights to import and sell world-famous products, including the Pandora brand (“Pandora”), leading silver jewelry from Denmark. Marimekko brand (“Marimekko”), lifestyle products with outstanding prints and colors from Finland, and the brand Cath Kidston (“Cath Kidston”), modern vintage lifestyle products from England.
The Group also owns brands in the Harn (HARNN) and Vuudh (Vuudh) groups, which provide body care, skin care, spa, and aromatherapy products. The products of the Harn Group are used as main products in the spa business of the group and its spa franchisees. In addition, TAN also has rights to distribute products in Vietnam, Japan and Singapore. Currently, there are 131 branches located both domestically and abroad.
TAN has a paid-up registered capital after IPO of 300 million baht with a par value of 1.00 baht per share, consisting of 222.5 million existing common shares and 77.5 million additional common shares. This initial public offering of common shares is an offering of common shares. Increase total capital It is offered for sale to individuals at the discretion of the underwriter. Institutional investors or legal entities who can participate in the purchase demand survey (Book Building). Persons who have a relationship with the company. and employees of the company and subsidiaries Between 9-11 October 2023 at a price of 16.50 baht per share, representing a fundraising value of 1,278.75 million baht and a securities value at the IPO price of 4,950 million baht, with Kasikorn Securities PCL. as a financial advisor. and underwriters and underwriters
Mr. Thanapong Jirapanichkul, Chief Executive Officer of Thanjira Retail Corporation Public Company Limited, revealed that becoming a listed security on the Stock Exchange of Thailand is another step of success and pride for TAN throughout the past. TAN It has the competitive advantage of brands under a diversified portfolio and has a high growth rate. Covering fashion lifestyle product groups, spa businesses, spa franchises and food and beverage lifestyle businesses. Has expertise in brand management and have an understanding of consumer behavior and can respond well to the lifestyles of customer groups under the concept ‘Bring the best of the brand to the best of Thailand’ There are distribution channels covering both offline and online in the country. and abroad It also has the potential to grow in the future into a leading company in the regional market. After being listed on the Stock Exchange, TAN plans to continuously expand its business ecosystem. Create growth for brands under the portfolio and expand into related business groups. including adding new product brands to create sustainable growth in the long term
TAN’s major shareholder after the IPO is the group of Mr. Thanaphong Jirapanichkul, holding shares both directly and indirectly, totaling 74.17 percent. The company has a policy of paying dividends to shareholders. At a rate of not less than 40 percent of the net profit from the company’s consolidated financial statements after deducting corporate income tax. and after allocation of reserve funds as specified by law and company regulations. However, dividend payments may be considered different from the policy set forth. Depends on operating results financial liquidity and the need to use working capital to manage the business and future business expansion plans Including the economic situation
Investors and interested parties Please see details from the company’s prospectus at the SEC’s website at www.sec.or.th. and general information of the company at www.tanachira.co.th and at www.set.or.th
2023-10-17 16:47:38
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