2024-04-25 04:52:00
Mr. Praphan Charoenprawat, Director of the MAI Stock Exchange (May), revealed that the May Stock Exchange welcomes Stone One Public Company Limited to register and start trading in May under the Real Estate and Construction Sector Group. Using the securities trading abbreviation “STX” on April 26, 2024.
STX and its subsidiaries operate stone and mineral mining businesses. Including providing comprehensive transportation services to clients on site. There are mining concessions for 2 sites, including 1) Nong Kha Mine, Si Racha District, Chonburi Province. production of granite which is used in the construction of buildings, roads and sold to customers in Chonburi Province Including the EEC Eastern Economic Corridor and 2) Chom Bueng Mine, Chom Bueng District, Ratchaburi Province. Produce and sell limestone and dolomite minerals. Which is used in construction industry, cement industry, glass production industry, soil balancing or water treatment industry, etc.
At the end of 2023, the two mines had reserves of 1.17 and 13.82 million tonnes. Production reserves will be exhausted by 2025 and 2030 respectively. In 2023, the group has a separate revenue structure by product, including granite: Limestone: proportion of dolomite minerals. 33:55:12 respectively.
STX released post-offer capital of 307.13 million baht with a par value of 1.00 baht per share, consisting of 242.13 million existing ordinary shares and 65 million additional ordinary shares, of which 64 million will be offered to individuals at the discretion of the subscriber. The shares will be offered for sale to benefactors of the company, 0.50 million shares, and to directors, officers and employees, 0.50 million shares, on April 18 and 19 and April 22, 2024, at the price of 3.00 baht per share. , representing an IPO value of 195 million baht. Value of securities at IPO price of 921.40 million baht.
To determine the IPO price, the price-to-earnings ratio per share (price-to-earnings ratio: P/E ratio) is equal to 24.22 times, calculated from the net profit of the last 12 months (2023 period) divided by the number of shares. ordinary shares issued and paid after this share offering (fully diluted) will have net profit per share equal to 0.12 baht, with IV Global Securities acting as financial advisor and underwriter and underwriter.
Mr. Songwut Wechachanukroh CEO of STX revealed that the company has set a goal to expand the source of raw materials and production. Develop the activity to cover all regions With the principles of sustainable development Responsible for society and the environment As for the money raised through fundraising, the company will use it to invest or buy companies in extraction of stones and minerals. or used in factory construction Machinery and associated equipment as well as used as working capital in the business
The main shareholders of STX after the IPO are the Dr. Jarerat Pingklasai family, holding 34.86 percent of the shares, the Ano family. holds 33.56% of the shares and Mr. Sayam Watcharapreecha holds 3.91% of the shares. The Company’s policy is to pay dividends to shareholders at a rate of not less than 50% of net profits in the individual financial statements after deduction of taxes. and legal reserve fund
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