‘Ohkajhu OKJ’ will start trading on the Stock Exchange on October 4th.

Plookphakphuakrakmae PCL, a business providing and distributing food, beverages and health products under the brand 'Ohkajhu', is ready to be traded on the Stock Exchange of Thailand on 4 Oct with a market capitalization at the IPO price of 4,080.30 million baht, using the abbreviation 'OKJ' for trading securities. Mr. Amnuay Chiramahaphoka, Assistant Manager, Head of Issuer Group 1, Stock Exchange of Thailand, revealed that the Stock Exchange of Thailand welcomes Plookphak Phroe Rak Mae PCL to be listed and start trading on the Stock Exchange of Thailand in the Agriculture and Food Industry Group, Food and Beverage Category, using the abbreviation 'OKJ' on October 4, 2024. The Company operates a business providing and distributing food, beverages and health products under the concept of 'Be Organic from Farm to Table', including other food and beverage services, focusing on organic vegetable farming and offering food and beverages from quality organic ingredients. The Company's main business is the food se rvice and distribution business under the brand name 'Ohkajhu', which has distribution channels including full-service restaurants, health food distribution via Delivery and Kiosk, snack and health food distribution via Café Amazon, and ready-to-eat vegetable, fruit and salad products in supermarkets. In addition, the Company also has a fast food business under the brand name 'Ohkajhu Wrap and Roll' and a healthy fruit and vegetable juice business under the brand name 'Oh! Juice'. OKJ has a paid-up capital after the IPO of 304.50 million baht, with a par value of 0.50 baht per share. The company offered a total of 159 million IPO shares, and offered its first ordinary shares to the general public during September 23-25, 2024 at a price of 6.70 baht per share, totaling 1,065.30 million baht in capital raising, with a market capitalization of 4,080.30 million baht at the IPO price. The IPO offering price is equivalent to a price-to-earnings ratio (P/E ratio) of 24.13 times, based on the net profit in the pas t 12 months of 169.08 million baht, divided by the number of ordinary shares after the offering of 609 million shares, resulting in a net profit per share (Fully Diluted EPS) of 0.28 baht, with Bualuang Securities Public Company Limited acting as financial advisor and underwriter. Mr. Chalakorn Ekachaipatanakul, Founder and Chief Executive Officer of Plook Pak Phro Rak Mae Co., Ltd. (OKJ), revealed that the company is committed to growing as the 'King of Organic Salad' in Thailand under the vision of 'We are committed to walking the organic path that is good for ourselves and society' by delivering organic vegetables from farms, selecting ingredients free of chemicals, and presenting them through healthy meal experiences for everyone. This fundraising and listing on the Stock Exchange of Thailand is an important step that will help strengthen the company's capital and increase its competitiveness to support sustainable business growth opportunities in the future. OKJ's major shareholders after the IPO are t he founders: 1) Ekachaipatanakul family with 34.3 percent; 2) Jirayut Phuwapoonphol with 16.6 percent; 3) Suchaibunsiri family with 8.3 percent, totaling 59.1 percent; and Modulus Venture Co., Ltd., a subsidiary of PTT Oil and Retail Business Public Company Limited (OR), with 14.8 percent. On the first day that OKJ shares start trading on the Stock Exchange, Modulus Venture Co., Ltd. will purchase shares from the three founders, namely Mr. Chalakorn Ekachaipatanakul, Mr. Jirayut Phuwapoonphol, and Mr. Worawut Suchaibunsiri, on the Big Lot Board, totaling 31.8 million shares or 5.2 percent, in order for the OR group to maintain its shareholding at 20 percent after the IPO. After the IPO and the trading of Big Lot shares, the founders will hold 53.9 percent of the shares. OKJ has a policy to pay dividends to shareholders not less than 40 percent of the company's net profit from its separate financial statements after deducting corporate income tax and allocating all types of reserves as specified in the compan y's laws and regulations. The dividend payment may be less than the above rate, taking into account other factors and appropriateness. Source: Thai News Agency