Smothong Group Public Company Limited (SMO) strategic objectives encompass expanding its factory, optimizing production processes, and solidifying its position as a leading player in the Thai “Crude Palm Oil” market. The company’s vision extends to both domestic and international sales channels.
Mr. Somsak Sirichainarumitr Chief Executive Officer of Asset Pro Management Co., Ltd. (APM), a financial advisor to SMO, has disclosed that APM has submitted a statement of securities offering and drafted the initial prospectus to the SET. The IPO offers ordinary shares for the first time to the general public, with a par value of 1.00 baht per share. This offering represents 25.17% of the total number of ordinary shares sold by the company after the initial offering. SMO Group’s shares will be listed on the SET.
Mr. Suriya Thamtera, Senior Executive Vice President of APM, a financial advisor, provided an overview of the business operations of SMO and its subsidiaries. SMO, a major company with a registered capital of 920.00 million baht, has a paid-up capital of 688.40 million baht. Three other subsidiaries are involved in the business:
- Mitprasong Green Power Co., Ltd. owns 99.99% of the shares and engages in the production and distribution of electricity derived from biogas fuel.
- AL Palm Co., Ltd. holds a stake of 99.99% and operates in the production and distribution of crude palm oil and related products, as well as the production and distribution of electricity generated from biogas fuel.
- Team Evolution Co., Ltd. holds 49.44% of the shares.
