SiamEast Solutions Public Company Limited is preparing to sell IPO of 60 million shares after the SEC begins counting one filing, expecting to move forward with listing on the Market for Alternative Investment (MAI) within the first quarter of 2017.

SEC. Count one filing form SiamEast Solution Public Company Limited, a supplier and distributor ready to provide services regarding pump systems. Process equipment and piping systems Including a complete range of innovative materials Preparing to offer 60 million IPO shares to the public to raise funds to build an engineering service center. Buy machinery and equipment and used as revolving capital Expected to be ready to be listed on the MAI Stock Exchange within the first quarter of 2017. The executives set a vision to become a leader in the procurement and distribution business, ready to provide services for 3 product groups of industrial products.

        Mr. Ratchai Teerathanawat, Managing Director Investment Banking Department RHB Securities (Thailand) Public Company Limited as a financial advisor revealed that after SiamEast Solutions Public Company Limited submitted an application for permission to offer securities and a display form. List of securities offering information (filing) to the Securities and Exchange Commission (SEC) to request the initial public offering of 60 million additional common shares (IPO) or equivalent to It is 25 percent of the total number of issued and paid common shares of the Company. After the latest IPO, the SEC has counted one form of filing. It’s done.

Currently, SiamEast Solutions Public Company Limited has a registered capital of 120 million baht, or 240 million common shares with a par value of 0.50 baht per share, with issued and paid-up capital of 90 million baht. After the SEC approved the IPO and the filing form became effective. The date for the IPO share offering to the general public will be determined and SiamEast Solutions Public Company Limited will be listed on the Market for Alternative Investment (MAI), which is expected to be within the first quarter of 2017. As for the money raised from the fundraising This scholarship The money will be used to build an engineering service center (Workshop), purchase machinery and equipment that supports service work and business operations. Including using it as working capital in the business.

SiamEast Solutions Public Company Limited is a product procurement and distribution business operator. Ready to provide complete engineering services and consultation in 3 product groups: pump system product and technology group Production and pipeline management product group and a group of innovative material products which are consumables that are no longer used. To sell to industrial factories in the eastern region and other regions of Thailand under the concept of Industrial Equipment Solution Provider.

        Ms. Orasa Vimonchalao, CEO of SiamEast Solutions Public Company Limited  revealed that the company has more than 23 years of business experience with products sold from more than 40 brands, totaling more than 3,500 items to support Customer groups are factories in various industries such as the petrochemical industry. Oil and natural gas, chemicals, automobiles and parts that orders products to be used in expanding the production line new factory construction Maintain machinery and replace old equipment that is deteriorated. The products are sold through 2 main channels: direct sales channel to industrial factories. that generates main income for the company Accounting for 70-80% of sales and service income each year. and indirect distribution channels through contractors and retail stores that serve as intermediaries to help distribute products to reach more users.

For the operational plan, the company will invest in the construction of an engineering service center within the office area in Rayong Province, which will be constructed as a single-story building. There is a usable area of 1,750 square meters, supporting the expansion of machinery surface coating services. Pipe system equipment Designing and sewing insulation covering machinery and equipment for industrial customers. Including being used as a place to provide assembly and repair services for water and liquid pumping systems. as well as equipment in the pipe system This will help increase business potential and income in the future.

“We have a vision to become a leader in the procurement and distribution business. Ready to provide services in all 3 product groups of industrial products. Both product groups and pump system technology Production and pipeline management product group and a group of innovative material products which are consumables that are no longer used. We are also the ones who seek out innovative products and new technologies that are different to create added value for products and sustainable growth opportunities in the future,” Ms. Orasa said.

        Mr. Saengphet’s side Tanta Atthipanich Managing Director of SiamEast Solutions Public Company Limited said that currently the company is engaged in the business of procuring and distributing industrial products in 3 product groups. Including
1. Product group and pump system technology For pumping water and liquids used in industrial plants, hotels, hospitals, high-rise buildings and water projects of government agencies. Which are divided into centrifugal pumps that are suitable for moving clear liquids with low viscosity. and positive displacement pumps suitable for moving high viscosity liquids.
2.Product management product group and piping systems include equipment used in the production process, such as equipment for separating materials. materials for absorption Equipment for mass exchange and related piping systems and equipment such as pipe systems and joints. plastic tank Pressure control device etc.
3.Innovative material product group These are consumable materials that are used up in the production and maintenance processes, such as glue, sealants, coating materials. Products for occupational health and safety and surface coating and insulation sewing services.

“We believe in the strength of our business with a variety of products. Both the experience and expertise of the engineering team in providing new innovative products. Including organizing promotional activities as well as standard pre- and post-sale services. The location of the office is in Rayong Province, which has the most industrial estates in the country. Therefore making the company It has good competitiveness to effectively respond to the needs of customers in the area,” said Mr. Saengphet.