Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 6 August 2019, 16:00 HKT/SGT
Share:
    

Source: Dohome PCL
DOHOME celebrates opening day, rising 6% on the SET
- Strengthening its position as leading Thai provider of home furnishings and building materials with new business model targeting countrywide expansion

BANGKOK, Aug 6, 2019 - (ACN Newswire) - Dohome PCL (SET: DOHOME), a leading retailer of home furnishing products and building materials, saw its shares rise by more than 6% today, its first day of trading on the Stock Exchange of Thailand (SET). This follows an initial public offering (IPO) of 465.04 million ordinary shares, with 56.16 million over-allotment, at an offering price of THB 7.80 per share. DOHOME seeks to employ the new capital to open new stores, having introduced a new business model with a smaller format 'Dohome To Go'.

Mr. Adisak Tangmitrphracha, Chief Executive Officer of DOHOME, said: "We are very pleased and very proud of the successful listing of DOHOME on the SET (ticker: DOHOME). We had received strong feedback from both institutional and retail investors, reflecting their high confidence in DOHOME's solid fundamentals and its position as a leading Thai 'One-stop Home Products Destination' ".

Mrs. Saliltip Ruangsuttipap, Deputy President, Accounting and Finance at DOHOME, added: "We made an IPO of 465,040,000 ordinary shares, or approximately 25.1% of DOHOME's issued and paid-up capital. There was an over-allotment of 56,160,000 shares for the stabilization of DOHOME's stock price during the first 30 days after its first day trade. In total, we allotted a total of 521,200,000 ordinary shares, or approximately 28.1% of DOHOME's issued and paid-up capital.

"The capital increase and the listing on the SET will enable us to secure necessary business support, as well as strengthen our financial position to create growth in the future. We are ready to launch new stores in all regions of Thailand, targeting our newly designed large store format while still keeping our concept, 'Complete, Cheap, and Good... at DOHOME'.

"Moreover, we have introduced 'Dohome To Go', a small format model that offers greater access to retail customers and better flexibility for store network expansion. As of today, we have launched 'Dohome To Go' stores at Makros Charansanitwong and Sathorn. In addition to our distribution centre at Pathum Thani, we now operate 11 stores, nine of which are large stores and two of which are Dohome To Go stores", said Mrs. Saliltip.

DOHOME's total IPO offering of 521.2 mm shares (inclusive of over-allotment) at an offer price of THB7.80 per share gives DOHOME a market capitalisation of more than THB14,400 mm (based on the IPO price). In this regard, DOHOME has the largest capitalization of any IPO so far this year (as of the first trading day). The lead underwriters are Kasikorn Securities PCL and Phatra Securities PCL.

Distributed by MT Multimedia for Dohome PCL:
Pipop ("Top") Kongwong
Mobile: +66 8 1929 8864
Email: [email protected]



Aug 6, 2019 16:00 HKT/SGT
Topic: Press release summary
Sectors: Retail/eCommerce, Daily Finance, Alternatives, Const/Eng
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Mainetti to launch M-care PPE Range  
May 26, 2020 18:30 HKT/SGT
Kingsoft Announces 2020 First Quarter Results  
May 26, 2020 18:05 HKT/SGT
New Drug Application of Penpulimab Co-developed by Sino Biopharmaceutical and Akeso Accepted by the National Medical Products Administration  
May 26, 2020 17:16 HKT/SGT
Fujitsu Launches 14 New Models of Enterprise Notebooks, Tablets and Workstations Optimized for Remote Work  
May 26, 2020 10:10 HKT/SGT
Fujitsu Develops AI-Video Recognition Technology to Promote Hand Washing Etiquette and Hygiene in the Workplace  
May 26, 2020 09:34 HKT/SGT
Mitsubishi Motors Joins OPEN COVID-19 DECLARATION  
May 26, 2020 08:34 HKT/SGT
Blockpass debuts branded WebID version of its award winning digital identity protocol  
May 26, 2020 08:00 HKT/SGT
Tokyo Metropolitan Government to trial 5G Antenna-equipped Smart Poles in Cooperation with Sumitomo Corporation and NEC  
May 25, 2020 09:44 HKT/SGT
ZALL Group Donates 1 Million Surgical Masks to Singapore Red Cross (SRC)  
May 23, 2020 11:00 HKT/SGT
Breach Report: staying alert in the face of cyber dark ages  
May 22, 2020 20:00 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: