mai President Prapan Charoenprawatt said that TM would list and start trading on mai in the Consumer Products industry group. As an exclusive distributor in Thailand for 26 producers from 12 countries, TM distributed medical products consisting of disposable operating supplies and specialty products to leading private and state-owned hospitals and clinics in Thailand. The company has also launched its own brand of medical products such as "TM Medipak", "TM Stericap" and "TM Tubing Pack".
TM has a paid-up registered capital of THB 140 million, consisting of 200 million existing common shares and 80 million newly issued shares, with a par value of THB 0.50 each. During August 22-24, it offered newly issued shares to the general public via IPO, at THB 3.00 each, for a total of THB 240 million. Asset Pro Management Co., Ltd. is the financial advisor, while Phillip Securities (Thailand) pcl is the underwriter.
TM Chief Executive Officer Soontharee Chanlongbutra said TM has had more than 14 years of experience dealingwith global business partners as sole distributor in Thailand for international brands such as "Cardinal Health", "Aspen Surgical", "CareFusion" from USA; "Medikit" from Japan; "GEISTER" from Germany; "HemoCue" from Sweden; and "LivaNova" from Italy. The fund raised would be used for business expansion, as well as office and showroom construction due to the rising demand in Thailand.
TM's three major shareholders after the IPO are Chanlongbutra group (71.43 percent), Phamon Phonlathep (0.42 percent) and Phichit Chinwitthayakun (0.36 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 33.02 times calculated by using the company's net profit in the past 12 months (July 1, 2015 – June 30,2016) of THB 25.44 million, divided by fully diluted shares, representing earnings per share of THB 0.09. TM's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
For more information on TM, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.technomedical.co.th , as well as www.set.or.th.