SET welcomes Thonburi Healthcare Group on December 7

Stocks and Financial Services Press Releases Thursday December 7, 2017 08:06
Bangkok--7 Dec--SET

The Stock Exchange of Thailand (SET) will list Thonburi Healthcare Group pcl, Thonburi Hospital Group with network of healthcare providers, on December 7, under the ticker symbol "THG". The company has a market capitalization at its initial public offering (IPO) of THB 32.27 billion (approx. USD 977.73 million).

SET Senior Executive Vice President Santi Kiranand said that THG would list on SET in the Services industry group, Health Care Services sector. With more than 40 years of experience, THG has provided one-stop medical and healthcare services using modern medical equipment.

THG's businesses consist of 1) Medical service business, including private hospitals in Thailand and a private hospital in China named Welly Hospital, with a total numbers of 1,066 beds, as well as hospital management and excellent center management services; 2) Healthcare solution business providing integrated home healthcare services, holistic residential care for the elderly as well as being medical supply distributor and drug store operator under "Apex Health Care" brand.

THG has a paid-up registered capital of THB 849.08 million, consisting of 764.08 million existing common shares and 85 million newly issued shares, with a par value of THB 1.00 each. During November 27-29, 2017, it offered 65.38 million newly issued shares to general public and 19.62 million newly issued shares to the benefactors of THG and subsidiaries at THB 38 each, for a total of THB 3.23 billion. The Siam Commercial Bank pcl is the financial advisor, while Thanachart Securities pcl is the underwriter.

THG Chairman Boon Vanasin said that this listing would strengthen THG's financial capabilities. The fund raised would be used to repay the loan that was partly used to invest in various projects to increase capacity to serve the patients for long-term growth. The projects included aholistic healthcare residence for the elderly named Jin Wellbeing County, as well as upcoming projects such as the construction of new buildings for Thonburi hospital and Thonburi 2 hospital, including the Thonburi Rehabilitation hospital project, and as working capital.

THG's three major shareholders after IPO are Vanasin family, (28.80 percent), Unnanantana family (7.09 percent), Meksawan family (4.08 percent). The IPO price was determined based on a book building process, equivalent to price-to-earnings ratio (P/E ratio) of 62.48 times calculated by using the company's net profit in the past four quarters (October 1, 2016- September 30, 2017), divided by fully diluted shares, representing earnings per share of THB 0.61. THG's dividend policy is to pay no less than 40 percent of net profit from the company's consolidated financial statements after taxes and reserves.

For more information on THG, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.thand for general information; please visit www.thg.co.th , as well as www.set.or.th .


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