Abstract
Food Moments pcl, a holding company in the chicken processing industry, will be listed on the Stock Exchange of Thailand on July 25, 2024, with a market capitalization of THB 5.33 billion.
The Stock Exchange of Thailand Listing Food Moments pcl
The Stock Exchange of Thailand (SET) is set to list Food Moments pcl, a holding company specializing in the manufacturing and distribution of butchered and processed cooked chicken parts, under the symbol “FM” on July 25, 2024. With a market capitalization of THB 5.33 billion (approx. USD 148.30 million) at its initial public offering (IPO), the company will trade in the Agro & Food industry group, Food & Beverage sector.
FM’s Strategic Business Operations and Financial Details
FM operates as a holding company with subsidiaries involved in manufacturing and distributing fully processed cooked chicken products. With a post-IPO paid-up capital of THB 1.98 billion and 376.96 million IPO shares offered, FM raised THB 1.08 billion in fresh capital at THB 5.40 per share. The company’s strong financial position, coupled with management’s expertise, positions it for continuous growth in the domestic and international markets. Major shareholders post-IPO include the Dussadeenoad Family group (51.84 percent) and North Haven Thai Private Equity Dominic Company (Hong Kong) Limited (10 percent).
