|By ACN Newswire||
|October 7, 2013 02:32 AM EDT||
On 3 October 2013, Winner Group Enterprise Plc, or WINNER, held a ceremony celebrating its stock's first trading day on the Market for Alternative Investment, or the MAI, after the initial public offering of 88 million shares at THB 2 each during September 25-27.
Mr Jane Wongisariyakul, President and Managing Director of WINNER, expressed thanks to the investors who have placed their trusts in the Company and decided to join its efforts to make a great leap forward in a sustainable fashion. He believed that investors' confidence is encouraged by the growth prospect of the Company, a leader in Thailand's food industry which supplies select products of good brands and high quality and serves as an exclusive distributor/authorised dealer of global brands of goods that satisfy the demand and requirements of both the food businesses and the consumers.
The fund raised is planned to be used to finance capacity enhancement projects. The largest portion will go to working capital, which is vital for a trading business, and the remainder will be allocated to warehouse enlargement and IT upgrading, as part of WINNER's endeavors to prepare itself for the formation of the Asean Economic Community, or the AEC.
"After the MAI listing, the Management will remain committed to ensuring maximum efficiency and continue growing the Company's business to pay for the trust placed in them by the investors", said the Managing Director.
Ms Suvabha Charoenying, Managing Director of Thanachart Securities, the financial advisor and underwriter of WINNER's capital-increase shares, commented that the price jump from the IPO price reflected the Company's good fundamentals, solid financial strength and continuous growths despite the current volatilities in the local and international markets.
Equipped with over three decades of full-scale experience in the food industry and a highly skilled management team, WINNER has a great capacity to cater to the demand of the market and has always been trusted by its customers.
The MAI listing of WINNER shares has given an interesting investment option to the investors, and it is believed that WINNER will become another excellent MAI-listed firm.
WINNER stock price closed on the first trading day at THB 4.90, an increase by 145% from the IPO price of THB 2, for more information please visit www.winnergroup.co.th.
About Winner Group Enterprise Plc.
Established in 1983, Winner Group Enterprise Plc. is a leading importer and distributor with long experience in the food business, with an extensive sales organization to serve the industrial to retail markets in Thailand. Our product ranges include raw material & food additives for Food Industry and various food products & ingredients for Retail & Food Service/Catering. The company has an ISO9001:2008 certified by SGS United Kingdom since 2010, and is committed to continuous improvement on product quality standard and services for the highest satisfaction of customers. For more information, please visit www.winnergroup.co.th.
Source: Winner Group Enterprise Plc.
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