mai welcomes Fintech company "SABUY" on Nov 11

mai President Prapan Charoenprawatt said that SABUY would list and start trading on mai in the Services industry group.

SABUY has developed technology ecosystem for its retail business, covering four core business lines: 1) online top-up machine under "Termsabuy Plus" trademark, with more than 52,000 kiosks nationwide; 2) automatic vending machine under "Vending Plus" trademark, and "6.11 select" trademark, with more than 5,700 kiosks altogether; 3) Food Court management installation and systemization with 213 food centers currently under operation; and 4) e-payment services under "Sabuy Money" trademark.

SABUY has a registered paid-up capital of THB 1.005 billion, consisting of 887.98 million existing common shares and 117.02 million newly issued shares, with a par value of THB 1.00 each. It offered the newly issued shares via IPO to general public during November 3-5 at THB 2.50 each, for a total of THB 292.55 million. Maybank Kim Eng Securities (Thailand) pcl is its financial advisor and KTB Securities (Thailand) pcl is the lead underwriter.

SABUY Chief Executive Officer Chookiat Rujanapornpaje said being a mai-listed member will help drive e-payment service business development and grow e-payment ecosystem rapidly in a sustainable manner. The listing will also enhance its new retail business expansion that responds to changing lifestyle of consumers nationwide. The fundraising will be used as working capital to expand service points and broaden the e-payment service business to benefit the company's growth potential continuously.

SABUY's major shareholders after the IPO are Chookiat's family (29.85 percent), Anonchai Weeraprawat's family (28.45 percent) and Woravit Chailimpamontri (2.90 percent). The company's dividend policy is to pay no less than 40 percent of net profit after tax and all legal reserves.

For more information on SABUY, 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.sabuytechnology.com as well as www.set.or.th.

• ข่าวSabuy Technology
• ข่าวo:fin
• ข่าวen