Advis IT Infinite Co., Ltd., a provider of IT products and full-service after-sales, is set to enter the Stock Exchange of Thailand on January 31 with an IPO value of 2,008.8 million baht, using the stock symbol “ADVICE”.
Mr. Manphong Senanarong, Deputy Manager and Head of Securities Issuer Division at the Stock Exchange of Thailand, announced that the Stock Exchange is pleased to welcome Advice IT Infinite Public Company Limited to register and commence trading on January 31, 2024. The company will be listed in the service group Commercial business category and will use the securities trading abbreviation “ADVICE”.
After the IPO and the sale of existing common shares on the first day of trading on the stock market, major shareholders will include 1) Thai Joy Ventures Group Co., Ltd. with 25.8%, 2) Mr. Nattawut Nattanitkanratchakarn with 25.2%, and 3) Mr. Amorn Thatong with 9.9%, totaling 60.9% of the registered paid-up capital.
ADVICE is a leading retailer and distributor of IT products in the country, operating under the name “Advice” as an IT superstore. The store offers a wide range of IT products, including general items as well as products tailored to specific needs such as equipment for gamers, streamers, YouTubers, and creators. Additionally, it offers digital lifestyle products, Internet of Things (IoT) devices, smartphones, and home appliances.
It is distributed through 338 branches nationwide and online channels. In addition, it also provides a service for claiming products that have problems with the manufacturer. and provide maintenance services Complete check of IT equipment
The dividend payment policy stipulates that a minimum of 40 percent of net profits, after deducting required reserves, shall be distributed to shareholders annually. However, the actual dividend payments may be adjusted based on the company’s board of directors’ and/or shareholders’ discretion, taking into account appropriateness and future operational plans.
