SET welcomes HR solution provider Human on December 8

Stocks and Financial Services Press Releases Thursday December 7, 2017 17:36
Bangkok--7 Dec--SET

The Stock Exchange of Thailand (SET) will list Humanica pcl, the first software developer to provide human resource solutions on SET, on December 8, under the ticker symbol "HUMAN". The company has a market capitalization at its initial public offering (IPO) of THB 2.72 billion (approx. USD 82.42 million).

SET Senior Executive Vice President Santi Kiranand said that HUMAN would list on SET in the Technology industry group, Information & Communication Technology Services sector. HUMAN is software developer that provides human resource solutions including human resources and payroll outsourcing, human resources system implementation using the company's software called Humatrix and ESSpace. HUMAN has recently started to expand its customer base in other countries such as Singapore, Malaysia. In addition, HUMAN also provides financial solutions consisting of enterprise resource planning (ERP) implementation and accounting & finance outsourcing.

HUMAN has a paid-up registered capital of THB 340 million, consisting of 500 million existing common shares and 180 million newly issued shares, with apar value of THB 0.50 each. During November 30, December 1 and 4, it offered 153 million newly issued shares to general public via IPO, and 27 million shares to directors, executives and employees of HUMAN and subsidiaries, at THB 4 each, for a total of THB 720 million. Finansia Syrus Securities pcl is the financial advisor and underwriter.

HUMAN Chief Executive Officer Soontorn Dentham said that with expertise and experience in human resource development, HUMAN has successfully cultivated trust among alliances. This listing would enhance the company's growth in Humatrix software's development, information technology investment and development and investment in businesses that create synergies for the group. To support future growth, the fund raised will also be used for the new office relocation and the setting up of a learning center expected to be ready in Q2-Q3/2018.

HUMAN's three major shareholders after IPO are Dentham Family (42.61 percent), Hudson Asia Holding Pte. Ltd. (17.95 percent), Phatiya Thankarn (2.45 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 28.57 times calculated by using the company's net profit in the past fourquarters (October 1, 2016 - September 30, 2017), divided by fully diluted shares, representing earnings per share of THB 0.14. HUMAN's dividend policy is to pay no less than 50 percent of net profit from the company's separate financial statements after taxes and reserves.

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


Latest Press Release

IOU(TM) - E-Commerce Loyalty Platform on Blockchain

IOU Global, LTD is announcing the release of IOU(TM) - a revolutionary peer-to-peer (P2P) e-commerce loyalty platform developed on blockchain, allowing merchants and consumers to interact with each other in the competitive, secure, transparent and...

DDD clearing up the rumors about fake orders and investigation by the SEC, claiming the speculations untrue and unfounded.

"Do Day Dream" denies the rumors about fake orders and its being investigated by the SEC. It insists that it always ensures strict compliance with rules and regulations and has in place its external auditor that is internationally recognized while...

BQT(TM) A Fresh New Take On The P2P Exchange

BQT Technologies, LTD is announcing the upcoming closed-Beta release of the BQT(TM) Exchange Platform — a peer-to-peer (P2P) exchange with innovative hedge trade capabilities. This unique method embraces the spirit of decentralization and...

Standard Chartered Bank sees Thai Central Bank shift toward tightening Thailand strong heading into elections

Standard Chartered Bank maintains its call for robust global growth of 4.0% this year, the strongest in five years, as economic fundamentals have remained solid. Unlike in previous years, growth this year has been broad-based and synchronised across...

Shedding New Light on Pediatric Research by Integrating the Healthcare Providers of the Globe

Pediatric ConferenceSeries offers On-Site and Online medical Conferences effective from 2019 ConferenceSeries Pediatric Conferences reinforce the spirit of healthy neonates to build physically and mentally fit societies to excel in socioeconomic and...

Related Topics