Hinsitsu (Thailand) Public Company Limited filed a registration statement and a draft prospectus with the Office of the Securities and Exchange Commission (SEC) The ordinary shares will be offered to the public.The first time (IPO) in the amount of not more than 71,000,000 shares, representing 28.17% of the total issued and paid up ordinary shares after the IPO, with a par value of 0.50 baht per share and will be listed on the Alternative Investment Market (May) in the business category (Sector ) Industrial materials and machinery (INDUS) with Discover Management Co, Ltd as financial advisor.
To the shares to be offered on this occasion, which include 1) no more than 52,000,000 newly issued ordinary shares offered by the Company; representing 20.63% of the total number of ordinary shares issued and paid up after the IPO and 2) existing ordinary shares of no more than 19,000,000 shares offered by SIMAT, which is 7.54%
The Company aims to use the proceeds from this IPO after deducting expenses related to the offering. To repay credit debt from financial institutions, invest in assets and/or invest in activities related to current business operations. And used as working capital and used for general operations.
Hinsitsu is engaged in the business of manufacturing and distributing silkscreen nameplates. used to display messages Symbols and buttons on electrical appliances such as washing machines, microwaves, air conditioners printer copiers, etc., and hire printing and selling labels or stickers. Including the production and sale of cutting and stamping parts. Most of the customers are large companies in the electrical and electronic industry.
while its subsidiary, Simat Label Co, Ltd (SL), operates in the business of printing and distributing labels or stickers used mainly in industrial applications. and the production of metal stamping parts Most of them are electronic components that are components in smart phones called Sus Plate (Sus Plated) to strengthen the electrical circuit.
and Hinsitsu Precision (Thailand) Co., Ltd. (HPT), which operates the manufacturing and distribution business of premium silk screen nameplate products are known as Mold Decoration (or Injection Mold Decoration) (IMD), which are silk screen pieces coated or molded with plastic, making the label and the workpiece homogeneous, resulting in beautiful work, not peeling, which will create durability. Adding value and longevity to silk screen products.
At present, the group’s main business is divided into 4 main products as follows:
1) Silk screen products are mainly used to display symbols on the operation panel or show how to use electrical appliances such as washing machines, microwaves, photocopiers. printer Air conditioners, etc. In addition, silk screening techniques are also used to design and print electrical circuits on plastic film with electrically conductive inks. In addition, a portion of the products will be supplied to HPT to be coated and molded into IMD products as per customer orders and add value to the group’s products.
2) Product labels or stickers (Label / Sticker) are the printing and / or cutting of stickers according to the format specified by the customer. Various types used for industries such as the electrical and electronic industry such as anti-static labels. Labels for printing barcodes Labels used at high temperatures Paper or labels that do not use ink (Ribbonless) and energy saving labels, etc.
3) Press / Die-Cut products cut or form the workpiece from plastic raw material sheet, adhesive tape, label or other materials according to the form specified by the customer.
4) Metal stamping products (Stamping) is the stamping of stainless steel metal sheet or other materials according to the form specified by the customer. Most of them are called Sus Plated and they are used as parts to strengthen the circuit boards for smartphones. The subsidiary is in the process of negotiating with the customer to cancel the production of Sus Plated because it is inconsistent with the long term business plan.
The main shareholder structure has Simat Technology Public Company Limited (SIMAT) holding 63.00% of shares after the IPO will be reduced to 42.46% Mr. Vincent Luo Bik Yong will hold 20.00% will be reduced to 15.87 % Mr Chien Kwan Xin 10.00% will be reduced to 7.94% and One to One Public Company Limited (OTO) 7.00% will be reduced to 5.56%
Operating results over the past 3 years (2020-22) the Group had total revenue of 586.43 million baht, 604 million baht and 582.39 million baht respectively, net profit of 86.95 million baht, 79.09 million baht and 55.74 million baht in that order. profit margin of 14.83%, 13.09% and 9.57%.
The company has a policy to pay dividends to shareholders at a rate of not less than 40% of the net profit from the separate financial statement after deducting corporate income tax. and various reserves All types as specified in the laws and regulations of the company.
