Sino Logistics Corporation Public Company Limited, a comprehensive international logistics service provider. Ready to trade on the Stock Exchange of Thailand on 20 September with a security value at the IPO price of 1,456 million baht, using the trading abbreviation "SINO" as soon as trading opens at an opening price above the reserve of 1.60 baht (+14.29%) from IPO price
Mr. Phakorn Peetathawatchai, Director and Manager of the Stock Exchange of Thailand, revealed that the Stock Exchange welcomes Sino Logistics Corporation Public Company Limited to register and begin trading on the Stock Exchange. in the service group Transportation and logistics business category Using the securities trading abbreviation "SINO" on September 20, 2023.
SINO is a complete international logistics service provider (Integrated Logistics Services) covering international freight forwarding services (Freight Forwarder), sea, air, and continuous transportation from origin to destination around the world. including providing other services related, such as warehouses for rent land transport and customs procedures, etc. The company has expertise in sea transportation routes to the North American zone. which generates main income of 76% of total service income in 2022
With more than 24 years of experience and expertise in the logistics business of the executives. Including the potential to procure ship capacity to quickly respond to customer needs at a cost-effective price. Makes the company have the ability to compete. and continuously expand the customer base Leads to sustainable growth
SINO has 1,040 million issued and paid-up shares after IPO, consisting of 800 million original common shares and 240 million additional common shares with a par value of 0.50 baht per share. Total registered and paid-up capital after IPO is 520 million baht, with shares offered for sale. Ordinary shares to the public totaling 292 million shares, consisting of 240 million additional common shares and 52 million existing common shares of Mr. Tengfong Yeung, to be given to individuals at the discretion of the underwriter. benefactor Executive Director and employees of the company and subsidiaries Between 13-15 September at a price of 1.40 baht per share, representing a fundraising value of 336 million baht and a security value at the IPO price of 1,456 million baht. Since the opening of the SINO trading market, the opening price was above reservation at 1.60 baht (+14.29%) from IPO price with Jay Capital Advisory Co., Ltd. as the financial advisor and Finansia Syrus Securities PCL as the underwriter and underwriter.
Mr. Nanmanat Wittayasakphan Chief Executive Officer of Sino Logistics Corporation Public Company Limited or SINO revealed that the company is very pleased that SINO shares have been listed on the Stock Exchange of Thailand. and believes that bringing the company to raise funds on the stock exchange this time will help promote a strong financial position. To support business expansion plans and increase competitiveness which will effectively meet the needs of customers along with driving the company to become one of the leaders in providing complete international logistics services in the ASEAN region. The money raised from this fundraising will be used to enhance business operations. From the investment plan to expand the container storage service area Including investing with business partners within the country and countries in the ASEAN region. And the remaining amount will be used as working capital to support SINO's long-term growth
Source: Thai News Agency