Kerry Express knocked IPO price 28 baht / share, moving forward to trade this 24 Dec.

Kerry Express (Thailand) Plc., The leader in private express delivery service in Thailand Ready to trade on the Stock Exchange of Thailand this 24 December with the value of securities at IPO price of 48,720 million baht, using the trading symbol “KEX”.

Mr. Manphong Senanarong Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand revealed that the SET welcomes Kerry Express (Thailand) Public Company Limited, a private express delivery service provider in Thailand. Listed and started trading in the stock market In service group Transport and Logistics By using the ticker symbol “KEX” on December 24, 2020

KEX operates a fully-integrated express delivery business in Thailand and covers all types of customers through the company’s nationwide network. The focus is on providing all forms of customer service, including individual-to-person (C2C), business-to-person (B2C) parcel delivery and business-to-delivery. – Business (B2B) In the 9-month period ended September 30, 2020, the company has delivered an average of over 1,200,000 parcels per business day. It is also the first and largest parcel delivery service provider in Thailand with a paid-up capital of 870 million baht with a par value of 0.50 baht per share by offering new ordinary shares. 300 million shares per IPO for the first time (IPO) during 8 – 18 December 2020 at a price of 28 baht per share, worth 8,400 million baht, with a securities value at the IPO price of 48,720 million baht, with Siam Commercial Bank Limited (Public) and Maybank Kim Eng Securities (Thailand) Public Company Limited are financial advisors. And there are two underwriters and underwriters for common stock underwriting, namely SCB Securities Company Limited and Maybank Kim Eng Securities (Thailand) Public Company Limited.

Mr. Alex Un, Chief Executive Officer of Kerry Express (Thailand) Public Company Limited or KEX, revealed that the company is very pleased that KEX shares will be listed on the Stock Exchange of Thailand. Which believes that the listing in the stock market Will help strengthen the business expansion In which the proceeds from the funding will be used to expand the business Repay the loan And used as working capital The company has a continuous development and investment plan to help drive sustainable growth along the way in all sectors. Support for new economic growth It also strives to be the best parcel delivery operator in Thailand. Aim for quality service Enhancing the quality of society as a whole Including paying attention to employees And are responsible to the stakeholders and investors of the company.

KEX has the first two major shareholders after IPO, namely KLN Logistics (Thailand) Company Limited, holding 52.1% of shares and VGI Public Company Limited holds 19.0% of paid-up capital. The company has a policy to pay dividends to shareholders of not less than 30% of the net profit of the separate financial statements. After corporate income tax And after deducting various reserves as required by law each year The amount of dividends paid must not exceed the retained earnings of the separate financial statements.

– .