Abstract
Stone One pcl, a mining company, will be listed on mai with a market capitalization of THB 921.40 million. The company aims for sustainable growth with proceeds from the IPO.
Stone One pcl to be Listed on mai
Market for Alternative Investment (mai) will list Stone One pcl, a manufacturer and distributor of industrial stone products for construction and dolomite minerals, on April 26, 2024 under the ticker symbol “STX”. The company has a market capitalization at its initial public offering (IPO) of THB 921.40 million (approx. USD 24.91 million). mai President Prapan Charoenprawatt said that STX will be listed and start trading on mai in the Property & Construction industry group.
Expansion Plans and Shareholder Information
STX and its subsidiaries operate a comprehensive mining business for stone and minerals, with two mining concessions producing granite, limestone, and dolomite minerals. The company’s goal is to expand material sources and production sustainably. Proceeds from the IPO will be used to invest in mining businesses and related equipment. After the IPO, major shareholders of STX include the Jrarat Pingkhlasai family’s group, the Ano family’s group, and Siam Watcharaprecha. The company’s dividend policy ensures shareholders receive at least 50 percent of net profit.
