TACC closing on IPO, all set for trading on 2 December

Mr. Sompob Keerasoontornpong,  Managing Director, Finansia Syrus Securities Public Company Limited, TACC’s financial advisor, share distributor and underwriter, revealed that out of TACC’s IPO of 168 million ordinary shares at Baht 0.25 par value, priced at Baht 2.88 per share, 159 million shares were sold to the public and the remaining 9 million shares were sold to directors, executives and staff member.  The two portions of shares were sold at the same price.  The IPO subscription received overwhelming response from the public during the subscription period, 25-27 November 2015.  TACC would be listed on mai on 2 December 2015.
“We received overwhelming response during IPO subscription which is a good signal reflecting the level of trust investors have towards TACC as a number one market leader in dispenser beverage market sold at “7-Eleven”.  In the meantime, TACC is also ranked number one in the green tea market in Cambodia with its brand “Zenya”.  The future plan to install automatic Vending Machine at 7-Eleven would further boost significant growth in TACC’s sales revenue and profit.  “To add, TACC’s executives were all beverage marketing veteran with long experience in beverage industry.  Moreover we value Research and Development and have maintained a talented R&D team. As a consequence, TACC products were all welcomed by consumers domestically and internationally.  With our strengths I believe TACC stock would be a new favorite stock pick among investors”, Mr Sompob concluded.
Mr. Chatchawee Wattanasook, Chairman of TACC’s Executive Board mentioned the Company received Baht 483.84 million from its IPO.  The amount Baht 120 million would be invested in 1,500 beverage, ie. hot tea and coffee,  vending machines to be installed within 2017, for hot tea and coffee vending at 7-Eleven  as well as maintained as working capital.  TACC would install 10 vending machines in 2015 with a plan to install 740 machines in 2016 and 750 machines in 2017. 
“On behalf of the Company’s executives, I am delighted the investors expressed so much interest in subscribing to our IPO shares.  This showed investors’ understanding of our business and a proof of the confidence they have in our growth prospect.  After the fund mobilization and the listing in the stock market, TACC’s financial status would be further strengthened.  Moreover, the status as a listed company would enhance our company profile as perceived by trade partners and consumers.  The public company status would improve our competitiveness and enable us to make secure business moves.  The proceeds from the initial public offering would be invested in beverage vending machines as well as maintained as working capital.  The Company aims to develop and grow business sustainably going forward to create long term value for our shareholders,” Mr. Chatchawee mentioned.
During the first nine months of 2015, the Company’s total revenue was Baht 745.42 million, a decline of 3.25 percent from that of the same period last year.  Net profit for the first nine-month of 2015 was Baht 54.29 million, an increase of Baht 23.68 million or by 77.36 percent compared to the net profit of the same period of 2014, which was Baht 30.61 million.  The net profit for the first nine months of 2015 was also higher than that of 2014 full year net profit, which was Baht 51.84 million.  The net profit grew notably despite stable sales since the Company put emphasis on marketing products which provided higher gross margin.