Shun Thai Rubber Gloves Industry to Begin Trading on MAI on August 1

Bangkok--Jul 31--MAI Shun Thai Rubber Gloves Industry Public Co., Ltd. will begin trading on the Market for Alternative Investment (MAI) in the Small- and Medium-Sized Enterprise Section on August 1. The Chairman of the Capital Market Opportunity Center (CMOC), Ms. Sopawadee Lertmanaschai, announced that 195 million shares with a par of one baht each, equal to 1,950 million baht, of Shun Thai Rubber Gloves Industry will begin trading on the MAI in the Small- and Medium-Sized Enterprise Section from August 1 using the abbreviation "STHAI" "Shun Thai was successful in selling 50 million IPO shares to the public from July 12-19, 2002. Out of these IPO shares, 10 million shares were available for subscription at the "SET in the City" from July 12-14, 2002, where demand reached 24.8 million shares. Shun Thai Rubber Gloves Industry Public Co., Ltd. (STHAI) is the manufacturer, distributor and exporter of latex gloves for medical and general markets. Its product quality has international accreditation. Its production facilities are located in Rayong. It has a competitive advantage in the industry as it is the world's leading producer of natural rubber gloves using domestic sources of raw latex, plus comparatively low costs of production. It is thus believed that Shun Thai will be another group of securities that will gain popularity amongst investors as with the other securities on the MAI," Ms.Sopawadee said. The company has expanded consistently since 1999 when it had a total of seven production lines for latex gloves. Later in 2000, the company invested in its second factory and installed production facilities for an additional eight product lines. Once the installation process is completed, it will have the ability to produce fifteen types of latex gloves, with a total production capacity of 77 million items per month. This should result in healthy financial growth. The company has a dividend payment policy of 50% of its profits after taxes. For a summary of the information on Shun Thai Rubber Gloves Industry Public Co., Ltd. (STHAI), please browse the SET website, www.set.or.th, or the company's official site, www.shunthais.com. For additional information, please contact Public Relations Unit: Ladawan Kantawong Tel. 0-2229-2036 / Kulvida Jintakawong Tel. 0-2229-2037 / Jiwassa Tipayanon Tel. 0-2229-2039

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