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Public shares OR for trading on the first day, the price is 47.2% positive at 26.50 baht above the subscription price of 18.00 baht
On February 11, 2021, journalists reported that PTT Oil and Retail Public Company Limited or OR shares were traded on the Thailand Stock Exchange today during the first day, and they found the opening price to be 26.50 baht. 47.2% more than the subscription price (IPO price) of 18.00 baht.
Mr. Manphong Senanarong, Deputy Manager, Head of Issuers Division The Thailand Stock Exchange revealed that SET welcomes PTT Oil and Retail Business Plc. Listed and commenced trading on the stock market In the resource industry Power and utilities business Using the ticker symbol “O” on February 11, 2021
OR is the flagship company of the PTT Group to operate national and international retail and oil businesses, as well as being a leader in the retail and commercial markets. For fuel Liquefied petroleum gas AND domestic lubricants Designing and managing the business in a combined way Meeting consumer needs Ready to create shared values for all stakeholder groups in a balanced and sustainable way Through more than 1,900 PTT stations at level domestic (as of September 30, 2020) with a market share of 38.9% considering the retail fuel sales of service stations in Thailand (as of December 31, 2019 by Wood Mackenzie)
Read: Broke Chooses OR As Featured Stock Today, 25 Baht Price Target
OR also operates the largest number of Amazon Coffee locations in Thailand with over 3,100 locations (as of September 30, 2020) and is the sixth largest coffee shop brand in the world (Data as of December 31, 2019 from Euromonitor), including an exclusive license in Thailand to operate a store under the “Texas Chicken” brand (Texas Chicken) and obtain the master franchise license. “Hua Seng Hong Dim Sum” (Hua Seng Hong Dim Sum) and also has business partners from both world-class brands and many leading Thai brands.
On the first day of listing and trading on SET, OR will have paid-up capital of 116.1 billion baht with a par value of 10 baht per share by offering 2.610 billion newly issued ordinary shares to the general public (IPO). at the offer price of 18 baht per share, for a total of 46.98 billion baht (excluding excess share allocation), and the value of the securities at the IPO price of 208.98 billion baht, with advisory firms financial and insurance companies and guarantees. The sale of 5 companies: Bualuang Securities Public Company Limited, Finansa Securities Company Limited, Kasikorn Securities Public Company Limited, Securities Company Kiatnakin Phatra Public Company Limited and TISCO Securities Company Limited
Ms Jiraporn Khaosawat, CEO and President of OR, revealed that it is listed on the Thailand Stock Exchange. It will support OR to maintain its leadership position and operate the business in accordance with the envisioned vision of being a world leading Thai brand creating value for the community through its oil business. Retail business AND related businesses, OR plan to bring in the financing income Expand gas station network Business expansion for commercial marketing Invest in a petroleum products warehouse and distribution center Expand retail network AND invest in foreign businesses This includes investing in new business (New S-Curve) to prepare for the changing business environment of various environments. And experience at regional and global level
However, OR will have a major shareholder after the IPO, namely PTT Public Company Limited or PTT, after the acquisition of shares and delivery of the shares. PTT’s participation will not be less than 75% of the paid-up share capital after this offer of capital increase shares. It has a policy of paying dividends to shareholders at a rate not less than 30.0% of net income after deducting reserves as stipulated by law and OR, without exceeding OR’s retained earnings.
Investors and Interested Persons See the Company’s prospectus details on the SEC’s website at www.sec.or.th. And general company information www.pttor.com and www.set.or.th
