Abstract
The Stock Exchange of Thailand will list Euroasia Total Logistics (ETL) on November 1. ETL is a cross-border transportation carrier service provider with a market capitalization of THB 1.04 billion. The company operates subsidiaries in Malaysia, China, Thailand, and Vietnam, and offers cross-border road transport services for various industries. The IPO raised THB 288.73 million, which will be used for investment and working capital.
SET to list Euroasia Total Logistics pcl with THB 1.04 billion IPO
The Stock Exchange of Thailand (SET) will list Euroasia Total Logistics pcl on November 1, with a market capitalization of THB 1.04 billion. Operating under the ticker symbol “ETL,” the company is a holding company investing in cross-border transportation carrier service providers. SET Senior Executive Vice President Manpong Senanarong announced that ETL will be listed and start trading in the Services industry group, Transportation & Logistics sector.
ETL: A subsidiary of WICE Logistics pcl with cross-border carrier services
ETL is a subsidiary of WICE Logistics pcl, operating as a holding company with main businesses in cross-border land transportation carrier services. With six subsidiaries and associated companies located in Malaysia, China, Thailand, and Vietnam, ETL offers services for cross-border road transport of goods, including full container load (FCL) and less than container load (LCL). The company serves international logistics service providers and freight forwarders, generating revenue primarily from Malaysia, China, and Thailand. ETL plans to use the funds raised to invest in vehicles, containers, transportation management systems, and other business expansion needs.
