MEB taps the IPO price at 28.50 baht per share, open for subscription from 3,6-7 Feb. ’23, entering mai trading around 14 Feb.

MEB Corporation Public Co., Ltd. (MEB) knocks on the IPO price of 28.50 baht/share, set to open for subscription between February 3, 6-7, expecting to trade on the mai market around February 14. Bualuang Public Company Limited Financial advisor and underwriter and underwriter Confident that investors will give excellent response stand out business strong financial position Performance continues to grow Visionary management team In addition, the price is reasonable with the basic factors. The big boss “Raviwara Mahasit” specified this fundraising event. will help create future operating results with strong and sustainable growth create good returns for shareholders

Mr. Pichet Sithi-Amnuai, Managing Director Bualuang Securities Public Company Limited as a financial advisor and underwriter and underwriter for the sale of newly issued ordinary shares of MEB Corporation Public Company Limited (MEB). Revealed that it has set the initial public offering price (IPO) of ordinary shares at a price of 28.50 baht per share, which will be available for subscription between February 3 and February 6 – 7, 2023 and is expected to be listed on the Stock Exchange of Thailand. Market for Alternative Investment (mai) on February 14, using the trading abbreviation “MEB” in the service category.

MEB offers a total of 75,500,000 IPO shares, representing 25.17 percent of the total issued and paid-up ordinary shares of the Company. There are 2 joint underwriters and underwriters, namely Krungthai Xspring Securities Company Limited and Capital Nomura Securities Public Company Limited.

Mr. Rawiworn Mahasit, Chief Executive Officer, MEP Corporation Public Company Limited (MEB) As a leader in the business of selling electronic books (E-Book) through the meb and readAwrite platforms, Thailand’s leading online literary reading platform, said that the MEB’s prospectus and prospectus came into effect on January 31. 2023 by setting the offering price of shares at 28.50 baht per share, resulting in the expected amount of money raised from this funding approximately 2,151.75 million baht, with the objectives of using the money as follows: (1) to use for business expansion In the current platform (meb readAwrite and Hytexts) by adding online literature content. Fiction and non-fiction (2) to use for new business expansion related to current business to foreign countries By emphasizing the use of the local language of that country. along with purchasing Thai literary rights Translated into English and (3) to be used to improve and develop the current platform to better meet the needs of customers and to be working capital for business operations.

“I’m confident that after this fundraising will make the company Has the potential to do business to grow more as well as having a strong financial position Become more famous and is accepted both domestically and internationally This is in line with the company’s business expansion plan. To open up important opportunities to expand the business, whether creating new platforms or mergers or acquisitions in the future And continue to be a leader in the business by developing platforms and operating systems aimed at continually creating a special experience for customers. Therefore, it can be seen that MEB still has many opportunities and channels for business growth. and have the opportunity to generate good returns for shareholders in the future,” said Mr. Rawiworn.

“The IPO pricing at 28.50 baht per share was determined based on the Bookbuild of institutional investors who expressed great interest in subscribing to MEB shares, which is considered a reasonable price and in line with the strong fundamentals that MEB has. The operating performance continues to grow outstandingly. Strong financial position with no debt at all In addition, the e-book business or E-Book is unique. making it very attractive to invest At the same time, it has a management team with vision and industry knowledge. by managing the company since its inception to the present with the intention of creating stable and sustainable growth along with the determination to bring various content of Thai writers creating soft power to the world market, so I am confident that the company’s share offering It will definitely be watched, ”Mr. Pichet finally said.

Incidentally, after the sale of IPO shares this time, Mr. Rawiworn Mahasit and Mr. Kittipong Surname Lim as the founder of the company Will hold shares together about 18.7 percent and Central Retail Corporation Public Company Limited through a subsidiary in the group which is the former major shareholder will hold approximately 56 percent of shares in MEB