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mai welcomes “GSC”, call center and collection service provider on March 13

          Market for Alternative Investment (mai) will list Global Service Center pcl, a provider of call center and debt collection service, on March 13, under the ticker symbol "GSC". The company has a market capitalization at its initial public offering (IPO) of THB 425 million (approx. USD 13.28 million).           
          mai President Prapan Charoenprawatt said that GSC, a subsidiary of Asia Capital Group pcl (ACAP), would list and start trading on mai in Services Industry Group. 
          GSC operates a full range of call center services both inbound and outbound calls, while providing manpower outsourcing services for client's offices. In addition, the company also provides debt collection services through e-mail, letter, and short messaging, under the Debt Collection Act B.E. 2558 (and Amendments).
          GSC has a registered paid-up capital of THB 125 million, consisting of 160 million existing common shares and 90 million newly issued shares, with a par value of THB 0.50 each. It offered not more than 27 million newly issued shares to ACAP's shareholders (via pre-emptive right) during February 27 - March 1, 2019; not exceeding 63 million shares to the company's patrons and general public through underwriters during March 4 - 6, 2019, at THB 1.70 each, for a total of THB 153 million. Finnex Advisory Company Limited is its financial advisor and AEC Securities pcl is its lead underwriter.
          GSC Chief Executive Officer Sukanya Sukcharoenkraisri said that over 14 years of experience, the company has provided call center and collection services to clients in public and private sectors including communications and telecommunications, property and financial businesses, while continuing to improve and develop its services to serve customers' needs. This listing would strengthen its financial capabilities. The fund raised would be used for branch expansion, equipment and information technology system enhancement, as well as working capital.
          GSC's three major shareholders after IPO are Asia Capital Group pcl (ACAP) (64.00 percent), Piyarath Group (3.02 percent), and Thanasuwandithi Group (2.97 percent). The IPO price was equivalent to price-to-earnings (P/E) ratio of 30.51 times, calculated by using the company's net profit in the past 12 months (January 1, 2018 - December 31, 2018) amounting to THB 13.93 million, divided by fully diluted shares, representing earnings per share of THB 0.0557. GSC's dividend policy is to pay no less than 50 percent of net profit from the company's financial statements after corporate income tax and legal reserves. 
          For more information, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.gsc-servicecenter.com and www.set.or.th.