Bangkok--May 9--Weber Shandwick
Mr.Vicha Poolvaraluck, President & CEO of Major Cineplex Group Public Co Ltd, said that, "in hosting the Investors Roadshow, Major Cineplex executives explained details of the offering of ordinary shares of new capital in Major Cineplex Group Public Co Ltd to investors on the eighth of this month. The welcome from investors was very good and the company is confident that placements through the underwriting securities firms will be very successful. The company would like to thank investors and the securities companies very much for their interest in Major Cineplex.
The main reasons for investors choosing to invest in Major Cineplex are as follows:
- Major Cineplex is a leader in the cinema business, which has a trend of high and continuous growth. Major Cineplex Group aims to have a 50 percent market share by 2003.
- Core revenues for Major Cineplex group come from cinemas and bowling alleys which take their income in cash, making the company's cashflow extremely liquid.
- Major's cinemas are Stand Alone Complexes, clearly outstanding and different from competitors' cinemas, both in the luxury of the premises with modern, technically advanced picture and sound systems, and comprehensive facilities inside every branch.
- Major Cineplex executives have expertise and experience in running cinemas, as can be seen from the present total of eight branches open for business.
"The schedule for taking prospectus and share subscription forms from Asset Plus Securities and the ten underwriters is May 13, 2002 from 0900 to 1600 hours. Share subscription documents should be submitted from May 14-15 2002," concluded Mr Wichar.
The Major Cineplex has the aim of being a comprehensive entertainment centre with the movie theatre as the core product, under the slogan "World's Best Cinema and Entertainment Complex". At present Major Cineplex operates businesses of cinemas and bowling alleys, advertising media services, and offering space for lease.
For further information, please contact:
- Ms. Darat Shintrakul, Major Cineplex Group, Plc.
Tel. 0 2511 5427-36 extension 885 Fax: 0 257 5572
e-mail:
[email protected]
- Ms. Kanticha Boonpokaew or Ms. Nithikarn Thammaputthipong, Weber Shandwick Co., Ltd.
Tel. 0 257-0300 extension 333 Fax: 0 257-0311
e-mail:
[email protected] End.
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