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The Securities and Exchange Commission (SEC) has approved the filing of Asian Palm Oil (APO), a leading crude palm oil extraction business, to sell 100 million IPO shares on the Market for Alternative Investments (mai) to enhance its financial capacity, competitiveness, and growth opportunities.

Mr. Somsak Sirichainarommit, Chief Executive Officer of Asset Pro Management (APM), the financial advisor to APO, said that the SEC has approved the filing of APO’s IPO on November 22, 2023. Mr. Suriya Thamthira, Deputy Managing Director of APM, said that APO currently has a paid-up capital of 120 million baht and plans to raise another 50 million baht. The IPO will offer 100 million shares at a par value of 0.50 baht per share, representing 29.41% of the total number of issued and outstanding shares of the company after the IPO. The shares will be listed on the mai under the agriculture and food industry sector. Mr. Sitthipas Udompholkul, Chief Executive Officer of APO, said that the listing on the mai is a significant milestone for the company to enhance its financial capacity, competitiveness, and growth opportunities. It will also increase the company’s credibility with customers, partners, and financial institutions, and contribute to the company’s sustainability in the long term. APO is a leading crude palm oil extraction business that sells main products from crude palm oil extraction and by-products, as well as produces biogas power to sell to the Electricity Generating Authority of Thailand (EGAT). With over 40 years of experience, the company is committed to creating an integrated and sustainable agricultural business to deliver quality products at a reasonable price. It sources raw materials and operates production processes efficiently, conducts business in accordance with good governance principles and corporate governance policies, and prioritizes all stakeholders, including shareholders, directors, executives, and employees, as well as partners, customers, competitors, and social and environmental responsibility, especially local communities.

28 September 2023, Asian Palm Oil Public Company Limited is preparing to list on the Stock Exchange of Thailand. The company’s management team, led by CEO Sittpas Udompholkul, met with Asset Pro Management Co., Ltd. (FA), the company’s financial advisor, and the Securities and Exchange Commission (SEC) for an interview.

The purpose of the interview was to present information about the company to the SEC for its approval of the company’s listing. Asian Palm Oil Public Company Limited presented information about its business structure, financial performance, future business plans, and corporate governance practices. Sittpas Udompholkul, CEO of Asian Palm Oil Public Company Limited, said, “The interview with the SEC is a significant step in preparing the company for its listing on the stock exchange. We are committed to developing our business sustainably and generating good returns for our shareholders.

APO Submits Filing to Sell 100 Million IPO Shares, Aims for Listing on mai

Asian Palm Oil, a leading crude palm oil extraction company, filed a Filing to offer 100 million IPO shares, aiming to list on mai. The proceeds will be used to improve the efficiency of production machinery and as working capital for business expansion in the future.
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