Post by account_disabled on Dec 27, 2023 3:48:18 GMT -5
Sri Trang Gloves (Thailand) Public Company Limited or STGT closed the sale of 438,780,000 IPO shares at the final offering price of 34 baht per share after institutional and retail investors enthusiastically subscribed for more than the number of shares allocated. From the strength of the business being the 3rd largest producer of rubber gloves in the world at present and the increasing demand from around the world. Prepare to list the shares for the first day of trading on the Stock Exchange of Thailand on July 2, along with using the money from fundraising to expand and improve production efficiency. IT system development Pay off loans from financial institutions and use as working capital.
Highlights plans to continuously expand installed production capacity from the current approximately 32,619 million pieces per year to approximately 100,000 million pieces per year by 2032. Mr. Warah Sucharitakul, Executive Email Data Director Finansa Securities Company Limited as a financial advisor and underwriter revealed that in the offering of additional common shares (IPO) of Sri Trang Gloves (Thailand) Public Company Limited or STGT on June 23 - 25, Able to close the IPO for a total of 438,780,000 shares, or 30.7 percent of the total issued and paid-up common shares of the Company. After the IPO was offered this time at the final offering price of 34 baht per share, it received a very good response. from institutional investors and retail investors who actively subscribed In particular, institutional investors expressed their desire to subscribe during the Bookbuilding period more actively than the number of shares allocated.
Because of confidence in STGT's business potential, which is the world's 3rd largest rubber glove producer, and a product that is in demand in various industries from around the world because it can protect contact for hygienic safety. There has also been an increase in demand for products during the COVID-19 outbreak. Mr. Phongsak Pruekpaisan, Managing Director Kasikorn Securities Public Company Limited, as co-manager of the distribution and underwriting, said that STGT's IPO share offering in the past It is considered a stock that has received a lot of attention from retail investors and institutional investors. Because we are experts in the production of rubber gloves, our products are exported to various regions. around the world and is not affected by COVID-19. While the Malaysian Rubber Glove Manufacturers Association (MARGMA) assesses the overall world rubber glove industry in 2016 - 2019, there is a continuous increase in demand, averaging 12% per year. In addition, COVID-19 is an accelerating factor that causes various industries to Turn to using rubber gloves more.
Highlights plans to continuously expand installed production capacity from the current approximately 32,619 million pieces per year to approximately 100,000 million pieces per year by 2032. Mr. Warah Sucharitakul, Executive Email Data Director Finansa Securities Company Limited as a financial advisor and underwriter revealed that in the offering of additional common shares (IPO) of Sri Trang Gloves (Thailand) Public Company Limited or STGT on June 23 - 25, Able to close the IPO for a total of 438,780,000 shares, or 30.7 percent of the total issued and paid-up common shares of the Company. After the IPO was offered this time at the final offering price of 34 baht per share, it received a very good response. from institutional investors and retail investors who actively subscribed In particular, institutional investors expressed their desire to subscribe during the Bookbuilding period more actively than the number of shares allocated.
Because of confidence in STGT's business potential, which is the world's 3rd largest rubber glove producer, and a product that is in demand in various industries from around the world because it can protect contact for hygienic safety. There has also been an increase in demand for products during the COVID-19 outbreak. Mr. Phongsak Pruekpaisan, Managing Director Kasikorn Securities Public Company Limited, as co-manager of the distribution and underwriting, said that STGT's IPO share offering in the past It is considered a stock that has received a lot of attention from retail investors and institutional investors. Because we are experts in the production of rubber gloves, our products are exported to various regions. around the world and is not affected by COVID-19. While the Malaysian Rubber Glove Manufacturers Association (MARGMA) assesses the overall world rubber glove industry in 2016 - 2019, there is a continuous increase in demand, averaging 12% per year. In addition, COVID-19 is an accelerating factor that causes various industries to Turn to using rubber gloves more.