Meb Corporation, an e-book distribution business, submitted an offer for 75 million shares to the SEC.

Meb Corporation, an e-book distribution business, submitted a request for an offering of 75 million shares to the SEC in the hope of using the money to expand its business in the platform.

ASE Corporation Public Company Limited which is a related company central Submit a registration statement with the Office of the Securities and Exchange Commission (SEC) for an initial public offering (IPO) of not more than 75,000,000 shares with a par value of 0.50 baht per share and will be listed in the Alternative Investment Market (may) with Bualuang Securities as financial advisor

For the shares offered for this IPO, this does not exceed 25% of the total paid up shares of the Company. After issue and offer of newly issued ordinary shares, divided into:

  1. No more than 22,500,000 newly issued ordinary shares with a par value of 0.50 baht per share.
  2. Existing ordinary shares offered by Two Bees (HK) Limited, not exceeding 39,375,000 shares, with a par value of 0.50 baht per share.
  3. No more than 13,125,000 ordinary shares offered by Brain Ventures Limited with a par value of 0.50 baht per share.

After this offering of all newly issued ordinary shares, the Company will have a paid-up capital of not more than 150,000,000 baht, divided into 300,000,000 ordinary shares with a par value of 0.50 baht per share.

fundraising objectives to be used for the expansion of businesses present on the platform (meb readAwrite and Hytexts), including but not limited to Buying new literary rights to sell on the existing platform Buying a Webtoon license or comics on- line to be sold through the existing platform. Improvements to the existing platform to better meet customer needs.

as well as being used for the expansion of new business related to the existing business This includes but is not limited to the distribution of online literature in foreign languages ​​through online literature platforms. Online distribution of literature in foreign languages ​​through online literature platforms. It will also be used as working capital for business operations.

Meb Corporation is a leader in the business of selling electronic books (E-Book) in Thailand considering the total revenue. In addition, the Company also has other businesses such as distribution of electronic reading devices (E-Readers) and business to library digital system platform service for enterprises (Hibrary) operating through the Company’s subsidiary, Hi-Tex Interactive Company Limited (“Hytexts”).

The Company operates an electronic book (E-Book) distribution business through the meb and readAwrite platforms, which are Thailand’s leading online literature reading platforms. with distribution channels through the website www.mebmarket.com and www.readAwrite.com and the meb and readAwrite applications on different operating systems, both of which have different online distribution literature. The meb platform sells a variety of online literature from publishers and independent authors such as novels, general books (non-fiction) cartoons, magazines and newspapers, etc.

The readAwrite platform is a platform for the author-reading community. By allowing members to post content or their own content (User Generated Content or “UGC”), the work owner can choose to sell their own work and/or let the reader contribute to support it

The structure of the main shareholders before and after the IPO is as follows:

  • B2S Co, Ltd holds 153,780,000 shares, representing 55.42% after the IPO reduced the stake to 51.26%.
  • Two Bees (HK) Limited, which holds 54,345,000 shares, representing 19.58%, will be reduced to 4.99%
  • Mr Kittipong Saelim, who holds 28,125,000 shares, or 10.14%, will be reduced to 9.38%.
  • Mr. Rawiporn Mahasit 28,125,000 shares, representing 10.14%, is reduced to 9.38%.
  • Brain Ventures Limited owns 13,125,000 shares, or 4.72% after IPO, there will be no shares outstanding.

B2S (B2S) is a subsidiary of COL Public Company Limited (COL) and Two Bees (HK) Limited is a company incorporated in Hong Kong. It has 100% B2S shareholders, while Brain Ventures Limited is a company incorporated in Hong Kong. Shareholders are Mr Kittipong and Mr Rawiorn in the proportion of 50:50.

In terms of operating results, during the year 2019-64, the company had a total revenue of 618.72 million baht, 1,004.68 million baht and 1,456.38 million baht, respectively, a net profit of 82.09 million baht, 164.74 million baht and 275.34 million baht, respectively. , representing a net profit margin of 13.27%, 16.40% and 18.91%, respectively.

For the first 6 months of the year 65, the company had a total revenue of 843.51 million baht from the same period of the previous year with a total revenue of 666.59 million baht and a net profit of 163.66 million baht from the same period of the a year. previous year with a profit of 123.11 million baht.

As of June 30, 65, the company had total assets of 840 million baht, total liabilities of 834.39 million baht, and total shareholders’ equity of 6.21 million baht.

The Company has a policy to pay dividends to shareholders at least once a year at an aggregate rate of not less than 40% of the net profit from the Company’s consolidated financial statements. after deducting corporate income tax and allocation of reserves as specified in the laws and regulations of the Company

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