Bangkok, TAN stock price opened for trading on the first day at 16.80 baht, an increase of 0.30 baht from the IPO price of 16.50 baht or 1.82%, showing the first half of 2023 a profit of 71.06 million baht, an increase of 88.14%.

Mr. Phakorn Peetathawatchai, Director and Manager of the Stock Exchange of Thailand (SET), Mr. Thanaphong Jirapanichkul, Chief Executive Officer of Thanjira Retail Corporation PCL., along with executives. Participated in the opening ceremony for the first day of securities trading (Oct. 18) on the stock exchange of Thanjira Retail Corporation Public Company Limited in the service industry group, commercial category, using the abbreviation for securities trading as “TAN”. The first day of trading opened at Price 16.80 baht, an increase of 0.30 baht from the IPO price of 16.50 baht or 1.82 %.

TAN operates a lifestyle and fashion retail business. There are a total of 5 brands under operation, with exclusive rights to import and sell world-famous products, including the Pandora brand, leading silver jewelry from Denmark. Marimekko brand, lifestyle products with outstanding prints and colors from Finland, and Cath Kidston brand, modern vintage lifestyle products from England. It also owns brands in the Harn (HARNN) and Vuudh (Vuudh) groups, which provide products in the body care, skincare, spa, and aromatherapy categories. The products of the Harn Group are used as main products in the spa business of the group and spa franchisees as well. There are currently 131 branches located both domestically and abroad. The IPO price is 16.50 baht per share, with 77.5 million shares, representing a fundraising value of 1,278.75 million baht and the securities value at the IPO price of 4,950 million baht.

Mr. Thanaphong Jirapanichkul, Chief Executive Officer of Thanjira Retail Corporation Public Company Limited or TAN, said that the group of companies Has laid down a strategy to expand the business ecosystem through the extension of lifestyle brands. Under the portfolio into related businesses Add new lifestyle product brands with growth potential to strengthen the group of companies. Including presenting HARNN group brands, body care products, skin care, spa and aromatherapy products. which the group of companies Own it to the world market Through building on the strength of being one of the leaders in lifestyle and fashion retailers with a variety of product brands and high growth potential. with comprehensive distribution channels It has world-class successful lifestyle and fashion brands. and is a pioneer and presents lifestyle and fashion brands to consumers in Thailand. Able to expand branches and customer base quickly Combined with Marketing Excellence and Operational Excellence, including a management team and employees with long experience in the lifestyle and fashion business. Therefore, it helps support TAN to create continuous growth and aim to become a leading lifestyle company group in the region.

For the money raised from fundraising to create sustainable growth potential in the future, including (1) expanding branches of lifestyle and fashion business brands that the Group of Companies Receive current rights During the third quarter of 2023, in addition to expanding business in Thailand, the Group has expanded branches abroad. By opening the first HARNN branches in Vietnam and Singapore and opening the first Marimekko branch in Singapore. By the group of companies Received exclusive distribution rights to import, distribute, and market Marimekko brand products in Singapore for a period of 5 years. In addition, the Group received rights to manage restaurants in the Marimekko network. Gordon Ramsey, world famous chef in Thailand This year it is expected to open two branches and will invest in computer programs. To support businesses and develop online distribution channels to support changing consumer behavior (2) adjust capital structure through debt repayment to institutions and (3) use as working capital for managing existing branches. Expansion of new branches Including working capital for the company’s business operations.

Mrs. Chitchanok Jangphon, Deputy Chief Financial Officer of TAN, said that the operating results for the first half of 2023 had a total sales income of 655.80 million baht, an increase of 18.01% compared to the same period last year, with a net profit. 71.06 million baht, an increase of 88.14% compared to the same period last year. The company’s operating results Returning to grow in leaps and bounds It reflects the fundamental business strength of the company group very well. -Thai News Agency

Source: Thai News Agency