JWD Infologistics, a leading fully integrated inland logistics service provider, seeks to achieve its ambition for leadership in the Asean logistics market by expanding its warehousing business in the CLMV markets. Having made SEC filing and assisted by Kasikorn Secutiies as financial advisor, it is now ready to make an IPO of 120 million shares, before listing its stock on the SET.
Mr Manpong Senanarong, Managing Director for Investment Banking, Kasikorn Securities PCL, as Financial Advisor, revealed that an SEC filing has been successfully made by JWD Infologistics PCL, or JWD, for making an initial public offering (IPO) of 120 million capital-increase ordinary shares, which will represent 20% of the company’s post-IPO authorised and called-in capital.
JWD’s current registered capital stands at THB 300 million, divided into 600 million ordinary shares with a par value of THB 0.50 each. 480 million shares have been issued, distributed and paid in, and 120 million more will be offered to the public for a capital increase. The company (and its subsidiaries) provides fully integrated in-land logistics and cargo storage services. It has five core segments: i) storage and management of general goods, dangerous goods, automobiles and cold chain goods within general and free zones; ii) domestic and cross-border cargo transport (to Laos, Myanmar, etc); iii) removal of household items, office equipment, plant machinery and tools and items for trade and art exhibitions for corporate and individual customers both in Thailand and abroad; iv) fully integrated document and information storage and management; and v) other services (ie building and warehouse space rental and information technology system development).
The financial advisor noted that the funds raised from the IPO will be used to finance JWD’s business expansions through increases of the space of the company’s warehouses for general goods, dangerous goods and cold chain goods in Thailand and the CLMV markets (especially Laos, Cambodia and Myanmar), and as working capital.
Mr Charvanin Bunditkitsada, Chairman of the Executive Committee and Chief Executive Officer of JWD, added that the company, which possesses more than 35 years’ experience as one of Thailand’s integrated logistics service providers, currently has an aggregate space of 775,743sq.m. in general and free zones, including 206,488sq.m. in 40 warehouse buildings and 569,255sq.m. in cargo yards, located at Laem Chabang port (608,187sq.m.), on Krungthep Kritha Road (4,575sq.m.), Sam Wa Road (19,200sq.m.), Bangna-Trat Road KM 19 (94,480sq.m.), Suwinthawong Road in Chachoengsao province (18,905sq.m.) and in Mahachai subdistrict of Samut Sakhon province (27,996sq.m.) and Saraphi district of Chiang Mai province (2,400sq.m.). A total space of 184,000sq.m. is available for handling of dangerous goods. As JWD is the sole concessionaire of such business in Laem Chabang port, all the dangerous goods loaded and discharged at the port must be processed through its dangerous cargo warehouse.
JWD’s strengths lie in i) its position as an integrated in-land logistics service provider with capability to meet all requirements of its customers; ii) its focus on sophisticated segments (eg warehousing of dangerous goods, cold chain goods and automotive products, which require great precision and speed); and iii) the state-of-the-art information technology that is developed by one of its subsidiaries, which enables it to respond to customer needs punctually.
“We are now ready to repeat our success in the Asean logistics markets. We will offer logistics services that meet the needs of customers and provide them with maximum satisfaction. In 2015, we will enhance our presences in Myanmar, Laos and Cambodia,” he said.