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"Amata VN" Offers "AMATAV" IPO at Baht 7.50 per Share Subscription Period 30 November - 4 December and First Trading Day on 16 December 2015

BackNov 27, 2015

Amata VN Public Company Limited is ready to offer its Initial Public Offering (IPO) stock between 30 November and 4 December at Baht 7.50 per share and to launch its first day of trading in Stock Exchange of Thailand (SET) on 16 December 2015. The company has appointed SCB Securities Company Limited and RHB Securities (Thailand) Public Company Limited as its joint lead underwriters. The Company is confident that the AMATAV listing will receive positive response from investors and reveals its plan on the new project development of Hi-Tech Industrial Park at Amata City Long Thanh in Vietnam with the first phase of 2,562.5 rai.

Ms. Vorada Thangsurbkul, FEVP, Investment Banking 1 Division of Siam Commercial Bank Public Company Limited, as a joint lead underwriter of AMATAV, said that Amata VN Public Company Limited has appointed SCB Securities Company Limited and RHB Securities (Thailand) Public Company Limited as the joint lead underwriters and Capital Nomura Securities Public Company Limited and Finansia Syrus Securities Public Company Limited as co-lead underwriters. Amata VN Public Company Limited offers a newly issued shares 166,370,000 shares with par value of Baht 0.50 per share at the IPO subscription price of Baht 7.50 which properly reflects its fundamental value.

The subscription period is set to be between 30 November and 4 December 2015 and is expected to be traded in the Stock Exchange of Thailand (SET) on 16 December 2015 under the name “AMATAV”.

“I am confident that the offering of AMATAV will receive positive response from both institutional and retail investors” Ms. Vorada added.

The IPO price at Baht 7.50 per share is set after assessing the current business operations and future prospects of Amata VN that is confidently believed to expand tremendously as a result of Vietnam’s economic growth potential. The proceeds from IPO will help strengthen the financial position, support the business expansion and get acceptance from partners as a listed company in the Stock Exchange of Thailand.

Mr. Rattachai Teerathanawat, Managing Director, Corporate finance department of RHB Securities (Thailand) Public Company Limited, as a financial advisor and a joint lead underwriter of AMATAV, revealed that AMATAV has received positive response after the management roadshow with institutional investors. In addition to the long establishment as a premium industrial estate in Vietnam for 20 years with potentials to growth continuously, Amata VN also has strong relationship with Vietnamese government which is the main factors to drive the business and support the growth of the Company. Another strength is the strategic location of industrial estate that is situated near the seaport and the newly built motorway linking between Ho Chi Minh City and new international airport.

Mrs. Somhatai Panichewa, Board of Directors and Chief Executive Officer of Amata VN Public Company Limited, said that Amata VN is a listed company in the Stock Exchange of Thailand as a Thai holding company. The main businesses are in the development and management of industrial estate, industrial city and related supporting businesses in Vietnam. Currently, the total land area is more than 12,000 rai in Bien Hoa City and Long Thanh City in Dong Nai province. The objective of this IPO is to expand business and develop premium industrial city in Vietnam as well as use as a working capital to support future business growth.

“I believe that AMATAV will be a good option for investors who would like to invest in Vietnam. Our strength is a good understanding of customer demand and the governmental processes through our 20 years’ experience that Amata has been operating in Vietnam. In addition, the foreign direct investment environment in Vietnam is interesting as its economic growth is outstanding compared to other countries in ASEAN. Thus, I am confident that these factors will strengthen our business operations after the IPO”, Mrs. Somhatai concluded.

As a premium industrial city developer, Amata VN in Vietnam has developed an industrial city in Long Thanh city in Dong Nai province with the total area of 8,031.25 rai. The development is separated into 3 projects. The first project is Amata City Long Thanh (High Tech) with the total area of 2,562.5 rai, in which the Company has already received the approval from Vietnam government and expects to operate and welcome all investors to establish production facilities at the beginning of 2017. The target industrial sectors are those industries that use high technology in production, utilize skilled labor and creates no pollution, such as an electronics industry that produce smartphones and LED light bulbs. Furthermore, the company has plans to continuously develop the remaining two projects, namely Amata Service City Long Thanh with the area of 762.5 rai and Amata Township Long Thanh with the area of 4,706.25 rai, which are in the process to get approval from Vietnam government and expect to develop in the near future.

Mrs. Somhatai explained that Amata City Bien Hoa is Amata’s first industrial estate in Vietnam and currently more than 80% of the area is occupied. The remaining area is expected to be sold out in 4 years with the target of 125 rai per year at the growth rate of 20% per year. The major customer are from Japan, Korea, Taiwan and Europe. Moreover, the Company also has Amata Commercial complex project to develop commercial, residential and office space for rent under the area of 118 rai and the related supporting businesses for utilities and services that provides continuous growth and sustainable rental and service income annually.