Thai bourse lists Jubilee on alternative market

Thailand’s Market for Alternative Investment (mai) will list and trade Jubilee Enterprise PCL on November 9, using JUBILE as its trading symbol, after raising funds of THB98 million (approx.USD2.93 million) to expand its business. It will be the ninth firm to list on mai this year, revealed Group Head, Issuer & Listing and mai President Chanitr Charnchainarong.


JUBILE manufactures and distributes jewelry and diamonds under the trademark “Jubilee Diamond” through department stores nationwide. Moreover, the company has distributes through its alliances, including leasing and credit card companies. JUBILE’s marketing strategies are to sell high-quality products and build customer confidence with diamond certificates from international institutes.

The firm has a total paid-up capital of THB170 million (approx. USD5.08 million), consisting of 135 million existing common shares and 35 million capital increase shares, with a par value of THB1.00 each. At its initial public offering (IPO) on October 26-28, the company raised THB98 million (approx.USD2.93 million), by offering 35 million shares to the general public at THB2.80 per share. The company also offered 5 million warrants for its directors and employees with a five-year maturity at no cost. The funds raised will be used for business expansion and as working capital. Capital Nomura Securities PCL was its financial advisor and underwriter.

The company’s P/E ratio at its IPO's price was at 10.94 times. This calculation was based on earnings per share calculated from the past 12 months of its operating performance (July 1, 2008-June 30, 2009) divided by number of shares after the IPO and shares from warrants that had been exercised, or a total of 175 shares.

JUBILE’s dividend policy is to pay not less than 60% of net profit after corporate tax and legal reserves. The company’s major shareholders are Mr. Viroj Pornprakit’s group, K-SME Holding Co., Ltd., and Mr. Prasert Boonmayam, who hold 60.00%, 8.82%, and 2.26%, respectively, of total shares after the IPO.

For more information about Jubilee Enterprise PCL, please see the company's prospectus at the Securities and Exchange Commission's website, www.sec.or.th ;