Siam East Solutions Public Company Limited (SE) sets the IPO price at 2.45 baht per share, preparing to open for subscription on 6-8 February, planning to invest in building an engineering service center. Drive continued growth

Siam East Solution Public Company Limited, a supplier and distributor, provides complete service regarding pump systems. Process equipment and piping systems including innovative materials Set the IPO subscription price at 2.45 baht per share, preparing to open for public subscription on February 6-8, and expected to trade on the MAI Stock Exchange within February. The management is confident in the potential of operating the business under the concept of Industrial Equipment Solution Provider that responds to the needs of industrial factory customers both in the eastern region and other regions of the country and plans to construct an engineering service center in Rayong Province. To expand the service business to create continuous growth.

On February 3, 2017, SiamEast Solutions Public Company Limited or SE signed a contract to appoint RHB Securities (Thailand) Public Company Limited as the underwriter and underwriter for the sale of shares. Ordinary capital increase and appointed Finansia Syrus Securities Public Company Limited, Phillip Securities (Thailand) Public Company Limited, and Land and Houses Securities Public Company Limited as joint distributors of the newly issued ordinary shares. This

        Mr. Ratchai Teerathanawat, Managing Director Investment Banking Department RHB Securities (Thailand) Public Company Limited as a financial advisor and underwriter, has revealed that it has joined with SiamEast Solutions Public Company Limited to set the price. The IPO is being sold at 2.45 baht per share and will be open for the general public to subscribe for shares on February 6-8. and expects to trade securities for the first day on the MAI Stock Exchange within February 2017.

SiamEast Solutions Public Company Limited will offer 60 million additional common shares to the public for the first time (IPO), or 25 percent of the total number of issued and paid common shares of the company. etc. After offering to sell additional common shares this time, SiamEast Solutions Public Company Limited currently has a registered capital of 120 million baht, representing 240 million common shares with a par value (par) of 0.50 baht per share, which is the issued and paid-up capital. and amounted to 90 million baht. As for the money received from this fundraising SiamEast Solutions Public Company Limited will use it 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.

For SiamEast Solutions Public Company Limited is a product procurement and distribution business providing complete engineering services and consulting in 3 product groups: pump system products and technology. Production and pipeline management product group and a group of innovative material products which are disposable consumables under the concept of Industrial Equipment Solution Provider for sale to industrial factories in the eastern region, Bangkok, surrounding areas and other regions throughout the country. Performance results during the first 9 months In 2016, the company had sales and service income of 314.14 million baht, an increase of 10.83% from the same period of 2015 with sales and service income of 283.45 million baht.

Ms. Orasa Vimolchalao, CEO SiamEast Solutions Public Company Limited or SE  said that the company has products for sale, ready to provide comprehensive services and consultations from more than 40 brands, totaling more than 3,500 items, to support the needs of customers who 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 factory construction Expand production line Maintain machinery and replace old equipment that has deteriorated. The products are sold through direct distribution channels to industrial factories. That creates the main income for the company, 70-80% of the income from sales and services. The rest will be sold through contractors and retailers who act as middlemen to help distribute the products.

The company plans to increase business operations potential and increase income generating channels. It will invest in the construction of an engineering service center in an office area in Rayong Province, which is designed as a single-story building. There is a usable area of 1,750 square meters to expand machine surface coating services. Pipe system equipment Designing and sewing insulation covering machinery and equipment Including providing assembly and repair services for water and liquid pump systems. as well as equipment in the pipe system

“We have a vision to be a leader in the procurement and distribution business. Ready to provide services in 3 product groups of industrial products Both product groups and pump system technology Production and pipeline management product group and innovative material product groups which is a consumable material that is used up and is also a source for innovative products and new and different technologies to create added value for products and sustainable growth in the future,” Ms. Orasa said.

“We have a vision to be a leader in the procurement and distribution business. Ready to provide services in 3 product groups of industrial products Both product groups and pump system technology Production and pipeline management product group and innovative material product groups which is a consumable material that is used up and is also a source for innovative products and new and different technologies to create added value for products and sustainable growth in the future,” Ms. Orasa said.

“We have expertise in sourcing and servicing all 3 product groups, both in depth and breadth. This makes customers trust in choosing products with us. In addition, we also have a team of engineers with experience and expertise in providing new innovative products. Standard before and after sales service is available. Its head office is located in Rayong Province, which has the most industrial estates in the country. This gives us good competitiveness to effectively respond to the needs of customers in the area,” said Mr. Saengphet.