"Sun Sweet" Forward Into MAI market
Dr. Ongart Kittikunchai, Chief Executive Officer of Sun Sweet Public Company Limited, said that the purpose of listing on the Market for Alternative Investment (MAI) is to raise money from fund raising.Used to expand the business to improve the production process. To increase the productivity of products to be more efficient and effective. As well as reduce production costs. Including product development. To fit exactly With consumer demand And increase capacity to expand customer base and market to overseas.Overview of sweet corn industry It is considered to be at a good level as demand for goods increases steadily every year. And sweet corn from Thailand is of high quality and is accepted by customers.Thailand is considered one of the top 10 sweet corn exporters in the world. By 2016, the export value of sweet corn is more than 7,600 million baht, accounting for 17% of the value of exports.Sun's main products are canned sweet corn (CANNED CORN), sweet corn (FROZEN CORN), sweet corn with vacuum (POUCH)CORN). In 2016, the Company had revenue of Baht 1,725.95 million, a net profit of Baht 111.55 million, and operating results for the six months of 2017. The company had revenue of Baht 826.61 million, a net profit of Baht 52.70 million.Currently produced at 150,000 tons per annum.
Mr. Seksan Thanopchai, Chief Executive Officer of Asset Pro Management Co., Ltd., "APM", Financial Advisor of Sun Sweet Public Company Limited, manufacturer and distributor of processed sweet corn and The "KC" agro-processing product, APM, as Sun's financial advisor, has filed its initial public offering To facult.The Securities and Exchange Commission (SEC) and the application for listing of the Company's ordinary shares are listed on the Stock Exchange of Thailand (SET) for listing on the SET.
MAI Securities.Sun Sweet will offer 65 million baht or 130 million shares at a par value of Baht 0.50. At present, the Company has a registered capital of Baht 215 million, which is a paid-up registered capital of Baht 150 million.Since its listing on the MAI, the company will have a registered and paid-up capital of Baht 215 million. Sun Venture PCL is considered a leading exporter of corn.Sweet country It has been operating for more than 20 years with more than 200 customers spread over 50 countries around the world, such as Japan, South Korea, Taiwan, Russia, Saudi Arabia, Iran.Exports of about 80% Contract farming is an advantage for Sun Suites. Because it can control the quantity of raw materials needed to produce the products in accordance with the number and requirements.The company also developed and invented the SMART FARM system to bring advanced technology used to develop the cultivation process for growers. This can increase the quality and quantity of output, and Can reduce production costs as well.
Mr. Somphop Sakpanpanom, Chairman of Asset Pro Management Co., Ltd. (APM), SunSweet's financial advisor, said Sun's business is remarkable.Is a leader in the industry. Also, the company can export products to the Japanese market. It is considered as a guarantee of the quality of products that have high standards.Management of the company It will enhance KC's credibility and maintain industry leadership. And when listing on the MAI, it further reinforces the management's willingness to Ensure sustainability and sustainability for the organization forever.
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