`Master Style(MASTER)`Filing IPO, selling 65 million shares, bringing money to expand the business

“Master Style (MASTER)” submits filing for IPO of not more than 65 million shares, preparing to enter the mai market to raise funds for business expansion Building renovations and operating rooms as well as for the purchase of medical tools and equipment

Ms. Duanphan Leelavivat, Managing Director of Pioneer Advisory Company Limited, as a financial advisor of Master Style Public Company Limited or MASTER, revealed that MASTER has now filed a registration statement (Filing) of the Company. To support the submission of an application for an initial public offering (IPO) to the Office of the Securities and Exchange Commission (SEC).

IPO Will offer ordinary shares to the general public (IPO) in the amount of not more than 65 million shares, representing not more than 27.08 percent of the total number of issued and paid-up ordinary shares. After this offer To be listed on the Market for Alternative Investment (mai) in the service business category, divided into 50 million ordinary shares offered by the Company and In Glory Investments Limited as an existing shareholder. Offer for sale of existing ordinary shares in the amount of not more than 15 million shares with a par value of 1.00 baht per share

The highlight of MASTER is being an entrepreneur of a comprehensive cosmetic surgery hospital under the name “Masterpiece Hospital”, founded by Dr. Rawiwat Maschamadol, provides a full range of surgical services. which has a team of specialists who have experience and are widely accepted in the field of surgery such as rhinoplasty Eyebrow lift and face contouring surgery breast surgery Liposuction reshaping surgery, eye surgery, facial restructuring surgery, etc., including hair transplantation, hair care, and skin care and laser services. With the evolution of modern medicine and international standards.

As of March 31, 2022, Masterpiece Hospital has 28 doctors, 361 personnel and a service area of ​​4,267 square meters.

The structure of service and product sales can be divided into 4 parts as follows: 1. Surgery services 2. Hair Transplants and Hair Treatment services 3. Skin care services (Skin) and 4. Products sales. or provide after-surgery services (Product Sales and Aftercare)

Dr. Rawiwat Maschamadol, Chief Executive Officer of MASTER, revealed that the company reported the past three-year operating results (2019 – 2021) and the three-month period ended March 31, 2022, with Revenue from hospital business 414.03 million baht, 611.06 million baht, 659.51 million baht and 237.77 million baht, representing a growth rate of 47.59%, 7.93% and 41.78% respectively. continued to grow This is mainly due to the continuous increase in the number of customers using the service. From the popularity and reputation of the company that has standardized service and quality according to the hospital quality system standards.

While during the year 2019 – 2021 and the three-month period ended March 31, 2022, the company had a net profit of 61.25 million baht, 128.55 million baht, 162.80 million baht and 54.97 million baht, representing a net profit margin of 14.66%, 20.89%. 23.59 and 22.91%, respectively, reflecting continued growth.

For the purpose of utilizing the funds raised from the IPO for investment in the project during the years 2023-2024 with plans to renovate the building and operating room. as well as for the purchase of medical tools and equipment And it is an investment for improvement and expansion of the operating area. including used as working capital in business operations in line with the company’s future growth plans

The Company has a policy to pay dividends to shareholders at a rate of not less than 50 percent of the net profit from the Company’s separate financial statements. After deduction of corporate income tax and the allocation of various reserve funds All types as stipulated in the laws and regulations of the company.