# mai welcomes luxury furniture importer and distributor “EURO” on Feb 14

- Link: https://www.thailand-business-news.com/investment/126303-mai-welcomes-luxury-furniture-importer-and-distributor-euro-on-feb-14
- Published: 2024-02-14T09:35:48+07:00
- Author: SET News

**Euro Creations pcl, an importer and distributor of luxury furniture and home decorations,
will begin quotation today on mai under ticker “EURO”. **

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## Listing of Euro Creations on mai

Market for Alternative Investment (mai) is set to list Euro Creations pcl on February
14 under the ticker symbol “EURO”. Euro Creations is an importer and distributor
of furniture and home decorations with a market capitalization of THB 3.23 billion(
approx. USD 89.87 million) at its initial public offering (IPO). The company will
be listed in the Consumer Products industry group.

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## Overview of EURO’s IPO and Business Expansion

Euro Creations is the importer and distributor of leading luxury brands’ furniture
and home decorations, with five showrooms in Bangkok. The IPO includes 55 million
newly issued shares and the company’s major shareholders are the Gambir family (
59.54 percent) and the Amornrattanavej family (14.89 percent).

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The fundraising proceeds will be used for business expansion, including building
new showrooms, loan repayment, and working capital. The company’s dividend policy
is to pay at least 30 percent of net profit from its separate financial statements
after tax and legal reserves.