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Successmore Being Plc., A trading operator in the consumer products group both domestically and internationally in the form of a direct selling network or MLM, ready to trade on the SET on September 8 with the value of A securities a price of 1,140 million baht, using the commercial abbreviation “SCM”
Mr. Manphong Senanarong Deputy Manager, Head of Issuing Division The Thailand Stock Exchange revealed that SET welcomes Successmore Being Plc., The business of selling consumer products, both domestically and internationally in the form of a network direct sales (Multilevel Marketing (MLM)). Listed and listed on the stock exchange In the service industry, business category, using the trade abbreviation “SCM” on September 8, 2020
SCM operates a network of consumer products (multi-level marketing (MLM) business), with more than 70% of the company’s main revenue-generating products being nutritional supplements under the Nutrin brand. (Nutrinal) distributes products through a network of entrepreneurs and distributors both in the country and abroad. There are currently 23 distribution branches throughout the country. 6 foreign distributors have been appointed, namely Myanmar, Cambodia, Vietnam, Laos, Malaysia and Singapore, and the company plans to use the proceeds from this offering. Expand and implement improvements in the branch area to increase distribution and distribution channels. It also acts as working capital within the company.
SCM currently has a share capital of 300 million baht with a par value of 0.50 baht per share consisting of 450 million existing ordinary shares and 150 million newly issued ordinary shares. The initial public offering of newly issued common shares (IPO) took place on August 27. – September 1, 2020 at a price of 1.90 baht per share, with a capitalization value of 285 million baht and a share value at the IPO of 1.14 billion baht, with Maybank Kim Eng Securities (Thailand) Public Company Limited as financial advisor. Manager of the sale of ordinary shares of SCM
While Dr. Sittawee Kiat Chavanan SCM Executive Committee Chairman revealed that they believe that listing on the Stock Exchange will enhance the SCM brand and raise awareness among the general public and the new generation of members who will be the target groups of the Company in the future. This will help increase SCM’s business growth opportunities by investing in the proceeds of this financing to support future business expansion plans.
While Mr. Nopakit Nithi Lertwichit SCM CEO added that SCM is the first fully integrated network company in Thailand listed on SET. This reflects operational standards that are quality and traceable. Reiterating that the company is the real person in the network business that has been able to maintain strong sales growth over the years. And have quality products It is recognized by the network of members and consumers because SCM attaches great importance to product development. To meet the needs of modern consumers who care about health and good quality of life. We are also confident that SCM will be the stock of choice for investors. The goal is to be a growth stock and pay dividends regularly (dividend stocks) as an alternative for investors looking to invest in stocks with long-term growth opportunities. Pay dividends to shareholders each year at a rate of not less than 50% of net profit after deducting corporate income tax in accordance with separate financial statements. And after the allocation of legal reserves
At the same time, SCM may consider paying dividends differently from established policies. Depending on the turnover Financial liquidity AND the need for working capital for business management AND future business expansion plans Including economic conditions
After the IPO, SCM will have the first two major shareholders, namely Mr. Siddhee’s family. Kiat Chavanan Who owns 40.96% of the paid-up capital Family of Mr. Noppakit Nithi Lertwijit owns 31.05% of the shares
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