Thai adhesive maker plans IPO next year

Visual from company website

Selic Corp Company, a basic adhesives manufacturer, today appointed Asset Pro Management to be its financial advisor for listing on the Market for Alternative Investment (MAI) in 2016.

Selic’s managing director Ek Suwatthanaphim said that the company plans to submit the filing to the Securities and Exchange Commission in the last quarter this year, and launch the first trading in early 2016.

Selic Corp has a registered capital of 100 million baht, and it expects to raise capital by 20-25 per cent in its initial public offering (IPO_. However, this has not been finalised, yet.

“The fund we raise in the MAI, will be partly used to set up a new plant in overseas market, to boost our production capacity. This requires more than 100 million baht of investment. We also plans to acquire businesses in other countries to expand our market internationally,” he said.

Moreover, the company will establish its own research and development (R&D) center to develop value-added products. The R&D will help boost its profit margin from 3-5 per cent, currently to 7-10 per cent, in the future.

Selic Corp has been a producer of basic adhesives for more than 30 years with brands like: WORLD, VEGAMELT and DELTABOND. It supplies these across industries including, footwear, furniture, food and beverage, bookbinding, packaging, construction, automotive and electronic.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.