Thai Coconut Public Company Limited produces and sells products processed from coconuts and fruits, such as coconut milk, coconut water, coconut snacks, and ready-to-eat food. Ready to trade on the SET on Sept. 14 with a security value at the IPO price of 8,085 million baht. Use the abbreviation "COCOCO" for trading securities.
Mr. Manphong Senanarong, Deputy Manager, Head of Securities Issuer Division The Stock Exchange of Thailand (SET) announced that the Stock Exchange welcomes Thai Coconut Public Company Limited to register and begin trading on the Stock Exchange. in the agricultural and food industry groups Food and beverage category Using the abbreviation for trading securities as "COCOCO" tomorrow (14 Sep. 2023)
The company is engaged in the business of producing and distributing processed products from coconuts and fruits, such as canned coconut milk. Boxed coconut milk, UHT (UHT), pasteurized coconut milk, canned coconut water. UHT boxed coconut water (UHT), pasteurized coconut water, coconut snacks and ready-made food under the brands Thaicoco and Cocoburi, including producing products for industrial purposes. In addition, it also operates a business producing healthy wet pet food for dogs and cats under the brand Moochie. Both types of products are both Selling under the company's own brand and contract manufacturing of products (Original Equipment Manufacturer or OEM) which are distributed both within the country and abroad. The company also produces and sells health food from plant proteins. Including various types of cheese and butter products. Made from plants as well
COCOCO has paid-up capital after the IPO of 735 million baht with a par value of 0.50 baht per share, consisting of 1,100 million original common shares and 370 million additional common shares (IPO), with additional common shares offered to the general public once. first between 4 - 6 Sep. 2023 at a price of 5.50 baht per share, representing a fundraising value of 2,035 million baht and having a security value at the IPO price of 8,085 million baht. The IPO share offering price is calculated as the ratio of price to net profit to The stock (P/E ratio) is equal to 22 times, considering net profits in the past 12 months. Divided by the number of common shares after the offering (fully diluted), with Fin Plus Advisory Company Limited as the financial advisor and UOB Kay Hian Securities (Thailand) Public Company Limited and Beyond Securities Company. Public Company Limited is the underwriter and underwriter for the distribution of joint common shares.
Dr. Worawat Chinpinkliao Chief Executive Officer of Thai Coconut Public Company Limited (COCOCO) revealed that fundraising and listing on the stock exchange It is an important step for COCOCO in expanding production capacity to support future growth in both coconut products. Snack products for dogs and cats including products made from plants It is also an opportunity for investors and the general public to be a part of the company's success. In the past year 2022, COCOCO was at the top of the list. of Thai companies in the coconut or coconut milk industry exporting to the world market and has an overseas customer base in more than 90 countries around the world The company is committed to being the leading producer, distributor and exporter of processed coconut and fruit products in Thailand.
COCOCO has a policy of paying dividends to shareholders of not less than 40 percent of the net profit according to the separate financial statements after deducting corporate income tax and after deducting all types of reserves required by law and the company each year. The company will consider paying dividends by taking into account various factors mainly for the benefit of shareholders, such as economic conditions, operating results. and financial status of the company Working capital, investment plans, debt obligations and limitations under loan agreements. Including other necessities and appropriateness. The main shareholders of the company after the IPO include Chao-Aree Holding Company Limited and the founding group led by Dr. Worawat Chinpinkliao
. which together hold 74.83% of shares
Investors and interested parties can 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.thaicoconut.com and www.set.or.th .
Source: Thai News Agency