Premier Tank Corporation Plc., ready to sell 110 million shares of IPO
Date 16 Jan 2022 time 19:37
Premier Tank Corporation Plc. ready to sell 110 million shares of IPO and listed on the Market for Alternative Investment (MAI) this year
Mr. Weerawat Burapatanapong, Chief Executive Officer of Premier Tank Corporation Public Company Limited (PTC), said that the Company’s business operations Under the concept of sharing resources to the major oil traders in the country. To provide services of receiving, collecting, mixing and distributing fuel to gas stations The service characteristics are as follows: 1) Service for receiving, storing and distributing finished fuel products such as gasoline and diesel. The service is provided at the fuel depot in Khon Kaen. (“Khon Kaen Terminal”) and the fuel depot in Sisaket Province (“Sisaket Warehouse”) and 2) basic fuel mixture service according to the formula in order to obtain finished fuel products as required by customers The service began at the Sisaket Oil Terminal.
At present, the Company is the service provider of the warehouse for receiving, storing and distributing the finished fuel to the largest oil trading company in the country. The current service area is in the Northeastern region. This is the region with the third highest proportion of gasoline and diesel fuel sales in Thailand after the central region and Bangkok and its vicinities. The Northeastern region is a region with potential and continuous development. both in the agricultural industry tourism It is also a route linking to neighboring countries. The demand for oil continues to increase. Currently, there are two oil tanks with a maximum capacity of more than 7 million liters per day.
The Company focuses on building strategic alliances by working together (Synergistic Strategic Alliance) with customers, partners, and entrepreneurs in the same business. With the aim of doing business to grow together through knowledge sharing, competence, sharing and managing risks to the organization. and innovations from partners in order to achieve the main goal of connecting the most efficient and high-quality energy transportation system.
“PTC will act as a receiver and supply gas to nearby gas stations. As a result, oil traders can save the investment budget that they have to build their own oil depots. It facilitates and increases transportation options, including gas station reserves. Support fuel demand for gas station groups This is the most efficient resource management in Thailand’s energy supply chain,” said Mr. Weerawat. After Premier Tank Corporation Public Company Limited (PTC) has submitted the registration statement (Failing form) and the request for an initial public offering of ordinary shares (IPO) to the Office of the Securities and Exchange Commission. Securities and Exchange Commission (SEC) latest, the SEC has approved the offer for sale of securities already on January 6, 2022 and is currently in the preparation process. to offer shares for IPO and to be able to list on the Market for Alternative Investment (MAI) this year
In this regard, Premier Tank Corporation Plc. has a registered capital of 205 million baht with a par value (par) of 0.50 baht per share, with a paid-up capital of 150 million baht, representing 300 million ordinary shares and will be offered to the public. Initial IPO (IPO) of not more than 110 million shares, representing 26.83% of the total issued and paid-up ordinary shares of the Company. After the issuance and offering of shares in this time, the Company will use the proceeds from the fundraising used to repay loans to financial institutions and used as working capital for business operations
“Currently, PTC is in preparation. To offer shares for IPO and list the shares on the mai stock exchange, while considering the appropriate time to appoint an underwriter and a co-underwriter including announcing the IPO price and setting the date for the subscription to investors who are interested in purchasing IPO shares to be part of creating mutual growth and increase business opportunities in the development of the supply chain system of the energy industry for the country,” said Mr. Worachart.
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