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.
