Month: May 2022

BritishVault will invest more than মিল 200 million in the Midlands test facility

BritishVault will invest more than মিল 200 million in the Midlands test facility

UK-based battery startup BritishVault has said it will invest more than 200 million in a new facility in the West Midlands to test manufacturing methods used in factories in Northumberland.

The company will lease a site at Hams Hall in Warwickshire from warehouse developer Prologis, with the equipment expected to be installed by the end of autumn 2023.

The move would give BritishVault access to a significant number of engineers working in the West Midlands, which had long been at the center of the British automotive industry. Jaguar Land Rover (JLR) is planning a battery assembly center at Hams Hall, where German carmaker BMW builds a petrol engine.

BritishVault has pursued partnerships and investment shocks following its ambition to build electric car batteries from scratch. It secured £ 100m in government funding in January, with support from investment firm Abrdn and fund manager Tritax, which is expected to eventually reach £ 1.7bn. BritishVault recently secured an investment from Monaco-based shipping company Scorpio Group, with an indication that it would also look beyond the automotive industry for customers. However, it has signed a memorandum of understanding with UK carmakers Aston Martin and Lagonda.

BritishVault has chosen to build its “gigafactory” – the industrial term is typically used for a battery plant with an annual capacity of more than 10 gigawatt-hours – at Cambyses near Blythe in Northumberland. That site was selected partly because of access to renewable energy from offshore windfarms.

Paul Franklin, property director at BritishVault, said he wanted the company to “lead the UK’s re-industrialization journey through the first full-scale battery gigaplant” and added that the Hams Hall facility would help the UK build its home country. Flatten. “

The only other planned battery plant of a similar scale is an investment by China Envision at a Sunderland site that was previously owned to make batteries for Nissan’s electric models. Another attempt to build a “gigafactory” at Coventry Airport has yet to find a large investor.

The project hopes to attract investment from a major automotive company, with the West Midlands-based JLR being seen as the most suitable. However, JLR did not deny a Bloomberg report last week that it was considering overseas battery sourcing from Sweden’s Northvolt or China’s SVOLT Energy Technology for a range of electric vehicles that could be integrated into Slovakia.

Possibilities and opportunities for investors in Vietnam’s blue economy

Possibilities and opportunities for investors in Vietnam’s blue economy

Vietnam’s Blue Economy is a relatively new concept that incorporates sea and ocean-related economic activities while improving livelihoods and protecting the health of marine ecosystems.

Vietnam’s sea and coastal regions account for about 47-48 percent of the country’s GDP. The Vietnam briefing highlights some of the unique features of the blue economy as well as opportunities for investors.

The development of Vietnam’s blue economy is a relatively new concept but it is necessary to address environmental issues, its carbon footprint and the exploitation of natural resources along its coastline.

Blue economy is a relatively new term. This means the development of marine ecosystems while ensuring economic growth and ensuring reasonable exploitation of natural resources with minimal environmental impact. It refers to the construction and development of infrastructure that can adapt to climate change and extreme weather.

The World Bank describes the Blue Economy as a sustainable use of marine resources for economic growth while improving livelihoods and protecting the health of marine ecosystems.

For example, the Blue Economy is central to enabling Vietnam to achieve its Sustainable Development Goals (SDGs) between 2030 and 2045, with the environment being one of the pillars of this development.

The blue economy will also help meet Vietnam’s climate change goals. Recent studies show that a 1-meter rise in sea level will affect 11 percent of Vietnam’s population and 7 percent of its agricultural land. Depending on the intensity of sea level rise, climate change could eventually lead to floods for 38-46 percent of Vietnam’s population.

The development of the blue economy must be based on the balanced growth of six industries: fisheries and aquaculture; Oil and gas; Marine renewable energy; Coastal and maritime tourism; Maritime sector; And the environment and ecology.

Vietnam’s long coastline is convenient because it is close to international and regional maritime routes. The coastal regions of Vietnam are located in areas with high economic growth rates and serve as a bridge between several regional trade partners and shipping routes.

These are favorable conditions for the development of Vietnam’s maritime, shipbuilding and logistics industries, with 114 estuaries along the central coast and 52 deep-sea bays (bay, bay and more than 60 percent of the coastline). More than 100 locations for construction of large seaports.

Vietnam is home to a variety of natural resources and contains about 35 minerals of different groups: fuel, metals, building materials, precious and semi-precious stones and liquid minerals. The seabed at Kwang Ninh Province and Hai Fong City have deposits of 100 billion tons and about 9 billion tons, respectively.

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This article was first produced by VietnamBriefing which is produced by Dejan Veins & Associates. The company supports foreign investors across Asia from the office Around the worldIncluding China, Hong Kong, Vietnam, Singapore, IndiaAnd Russia. Readers can write [email protected]

Enterprise Nation expands SME Finance Hub to offer R&D tax credit access and

Enterprise Nation expands SME Finance Hub to offer R&D tax credit access and

Enterprise Nation, a small business support platform, has expanded its SME Finance Hub to include access to and apply for R&D tax credits and assistance in applying for it. Mortgage, security, pension and investment, a pioneer one-stop-shop for small business financing.

The new look hub is based on the existing features offered by Capitalized, Business Finance Platform, which gives small companies Free access to their business credit profiles, the ability to manage their clients’ risky profiles, and access to affordable business loans in one place.

Hub is now providing additional funding services through R&D tax Credit Specialist Claim capital; And CMME Which can be accessed with the help of business founders and contractors with special skillsMortgages and securities, pensions and investments through a network of experienced advisors and their sister company contractor assets.

Emma Jones, founder of Enterprise Nation, says: “The founders of small businesses are busy people. They are often busy shopping for the best financial support or running a business to ask different suppliers. This hub gives them equal access to one of the best experts in their field. ”

Max Rainer, Managing Director Claim Capitale said: “The government’s goal is to increase UK research and development spending from 1.7% to 2.4% of current levels by 2027. Raising awareness and improving the access of the small business community is going to be the key to achieving that goal and unlock innovation.“Our partnership with Finance Hub Enterprise Nation will help us do just that.”

Mike Coshott at CMME says: “Applying for and securing the right mortgage can be very difficult and complicated for small business founders and self-employed people. Often in the mainstream brokerage system they are penalized for not having the money they deserve, more complex income or conventional PAYE employment. The same is true of personal security and asset management.

“There are better deals And grateful for the solution. And this finance hub will give small business owners access to very competitive options that work with running a business. “

SME Finance Hub provides lending options and relevant advice and distribution Specially-targeted insights seek support directly from businesses, as well as one-stop-shop access to SME finance needs.

Vietnam electricity reform has created opportunities for foreign investment

Vietnam electricity reform has created opportunities for foreign investment

Vietnam’s amended law on electricity allows foreign investment in the country’s electricity grid to improve energy quality and capacity. By 2030, the country’s electricity consumption is projected to grow at an annual rate of 10-12 percent, representing the fastest growth rate in Asia.

For example, early entrants to the construction, operation and operation of Vietnam’s electric grid will have the advantage of being a trusted partner as opportunities in Vietnam’s energy sector increase.

Private investors can now build, operate and operate the power grid in Vietnam following recent legal amendments, as the state of Vietnam gradually loses its control over the sector.

On January 11, 2022, the National Assembly of Vietnam passed Act No. 03/2022 / QH15, which contains amendments to the 2004 Electricity Act. The law is the main law in Vietnam that governs the power sector and includes regulations governing investment, markets, and pricing. , And licensing, among other terms.

The amendments, which went into effect on March 1, 2022, increased the capacity of private investors to participate in Vietnam’s electricity grid, reducing the role of the state. The reform comes under pressure to improve the quality and capacity of Vietnam’s electrical grid, including the adoption of renewable technology.

The amendments to Section 4 of the Act raise concerns about where private investors can and cannot invest. With the change, private investors will be able to:

Accordingly, private investors can now create new sections of the electrical grid and operate those sections without the direct involvement of the state.

Further, in accordance with the amended paragraph 4, the State of Vietnam retains its exclusive rights:

The amendments maintain the exclusive dominance of the state of Vietnam over the construction, operation and operation of the national power grid system and certain large power plants. However, the new paragraph 4 explicitly restricts the State from operating parts of grids built and operated by private investors.

In light of the amendments, there are more opportunities for foreign companies to invest in Vietnam’s electricity grid and contribute to improving the sector’s infrastructure. Currently, Vietnam Electricity (EVN), a state-owned company, is the largest buyer of electricity in Vietnam. Until the amendment, EVNs were exclusive in the transmission and distribution of electricity.

Rapid economic growth, growing investment in manufacturing and industry, and growing middle class have given rise to unprecedented demand for electricity. The Vietnamese government plans to increase electricity consumption by 10-12 percent per year until 2030, which represents the fastest growth rate in Asia.

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This article was first published by AseanBriefing which is produced by Dejan Veins & Associates. The company supports foreign investors across Asia from the office Around the worldIncluding China, Hong Kong, Vietnam, Singapore, IndiaAnd Russia. Readers can write [email protected]

A bad return policy can cost retailers over 19BN

A bad return policy can cost retailers over 19BN

Zigzag Global, the global platform that enables retailers to turn their return policy into a business game-changer, today announced new insights that show that UK retailers could lose ্যের 19 billion worth of business if they do not have their return policy. Scratch

Online fashion is still the most valuable sector in the UK retail industry, with Forrester predicting more than bn 28bn in 2022. To help retailers understand the impact of their return policy on sales and retention of clients, ZigZag conducted a thorough study of consumer attitudes toward returns. Policy matters when they will purchase.

Returns – free, fast and easy

More than three-quarters (76%) of UK shoppers now examine the return policy before making a purchase. Moreover, 8 out of 10 retailers (78%) say that it should be easier for you to get your product back – this has increased to 85% among 18-25 year olds. Easy returns can also be the key to customer loyalty, with 82% agreeing that an easy return experience will encourage them to shop with the retailer again.

A bad return can be just as damaging, with 62% of UK buyers claiming they will never shop with a retailer again after experiencing a bad return.

According to UK buyers, a good return policy should:
Free (75%)
Quick return (63%)
Provide multiple options for return (45%)
Paperless and trackable everywhere (43%)

Currently, a quarter (26%) of UK buyers say they find the experience of returns disappointing to most retailers, and 36% agree that it must be a problem.

“Returns have been a contentious issue for retailers for many years. Just offering a free return is not enough. It’s just as important to overcome the barriers to retail returns as a simple and efficient return process can make all the difference when it comes to sales, “said Al Gerry, founder and CEO of Zigzag Global.

Emergence of regular returns

According to GlobalData, retail returns will grow 27.3% in five years by 2023, hitting a total of £ 5.6 billion. This is mainly due to the trend of returns across clothing and footwear and the rise of ‘regular returners’.

Zigzag found that almost half (47%) of UK shoppers now consider themselves ‘regular returnees’ – a significant increase of 67% among 18-25 year olds. Interestingly, about one in five buyers (18%) consider the cost of higher returns to retailers, but it does not affect how much they return. One-third (33%) of respondents said they did not rely on cost at all.

Retailers also find themselves in a frustrating catch-22. 38% of UK buyers say that if a retailer charges for a return, they will pay less. Yet, as Zigzag has found, charging for returns will discourage them from making an initial purchase.

Al adds: “Although the frequency and price of returns are increasing, it does not require the retailer to sell. Retailers now have plenty of options to make up for lost sales and to encourage customer loyalty and repeat purchases. “Whether it’s retailers returning digital gift cards, live exchanges or re-trading opportunities, retailers can turn small losses into big gains in the long run.”

MonkeyPix has started screening at Thailand International Airport

MonkeyPix has started screening at Thailand International Airport

Additional screening arrangements for travelers from countries where monkeypox has been reported at Thailand’s international airports have now been implemented, focusing on travelers to high-risk countries such as Nigeria and Congo in Central Africa and some countries in Europe.

According to the Department of Disease Control (DDC), passengers now need to fill out and present a health declaration QR code card upon arrival in Thailand, which allows officials to keep track of each passenger.

Symptoms of monkeypox include fever, headache, bloating, muscle aches and fatigue, and usually itchy rashes and sores. The symptoms are similar to chickenpox but less severe. Most people will recover from monkeypox in a few weeks. However, in severe cases, the disease can be fatal. Mortality in young children can be up to 10 percent.

The DDC has set up an Emergency Operations Center (EOC) to monitor the spread of monkeypox and instructed relevant units to be vigilant for travelers in Central and West Africa, the United Kingdom, Spain and Portugal, where the virus has been detected.

The head of the DCD in Thailand, Dr. Opart Carnkawinpong, said monkeypox had not yet been caught on Thai soil. Even better, most Thai monkeys born before 1981 will be protected from monkeys, thanks to the country’s smallpox vaccination program, which was in the past.

According to the WHO, monkeypox is a viral zoonosis (a virus transmitted from animals to humans) whose symptoms are similar to those seen in smallpox patients in the past, although it is less clinically severe. It is caused by the monkeypox virus which belongs to it Orthopedic virus Its lineage Poxviridae Family. The monkeypox virus has two clades: the West African clade and the Congo Basin (Central African) clade. The name MonkeyPix came from the first discovery of the virus in monkeys in 1958 in a Danish laboratory. The first human case was detected in a child in the Democratic Republic of Congo in 1970.

The monkeypox virus is transmitted from person to person through close contact with contaminants such as wounds, body fluids, droplets, and bed bugs. The incubation period for monkeypox is usually between 6 and 13 days but can range from 5 to 21 days.

Sunak races to finalize the cost of living response after the energy bill warning

Sunak races to finalize the cost of living response after the energy bill warning

Sage Sunak is pushing for the finalization of a package that could be announced as early as Thursday to ease the living crisis, with energy regulators saying annual bills are likely to rise by more than 40% in October.

Ministers are under intense pressure to act after OffJame chief executive Jonathan Briarley wrote a letter to the chancellor on Tuesday informing him that the fuel price cap, which limits the domestic bill, could potentially hit 2,800 – a further increase of more than £ 800. – After a sharp rise in April.

“The price change we’ve seen in the gas market is actually a phenomenon that hasn’t happened in a generation since the oil crisis of the 1970s,” Brearley told MPs from the Business, Energy and Industrial Strategy (BEIS) committee.

Treasury officials are working on a windfall tax plan that could fall not only on North Sea oil and gas producers but also on power generators, including windfarm operators, which have benefited from global price increases in recent months.

It could be used to fund a direct energy bill rebate as part of a package that could cost up to bn 10bn.

In addition to targeted support for low-wage workers, Boris Johnson is seen as advocating for measures that will benefit the middle class, such as reducing VAT or pushing ahead with the 1 per cent income tax cut promised for Sunak 2024.

The pair have rival economic outlooks, and Tory MPs are increasingly frustrated that a stalemate between them has delayed radical action to help the struggling families they see operating in their constituencies.

A number of cabinet ministers, including Energy Secretary Quasi Quarteng and Brexit Opportunity Secretary Jacob Rees Mugabe, have voiced their opposition to a windfall tax, fearing it would hinder investment.

Sunak repeatedly said he was waiting for more information on what would happen to the power bill in the autumn before deciding how the Treasury would respond, and even suggested that it was “stupid” to act before that.

Following OffGame’s intervention, the Resolution Foundation warned of the potentially devastating effects of the ThinkTank Cap increase. It said an increase of about 8 2,800 in October could mean 9.6 million households across England are under fuel pressure this winter, with at least 10 per cent of their total budget defined as being spent on energy bills alone.

The shadow chancellor, Rachel Reeves, said the offgame warning was “extremely worrying”. He said: “[It] Already rising bills and rising inflation will be of great concern to families. How many more alarm bells will the Chancellor have to hear before he acts? The government needs to address this crisis and protect our families and our economy. “

Several Westminster sources have suggested that officials are now awaiting Thursday’s announcement. That time will allow the government to divert attention from the Sue Gray report on lockdown socialization, which is expected to be released on Wednesday.

However, a Whitehall insider suggested June 8 was a potential date, with Sunak and Johnson still not signing firm policy proposals.

A Treasury spokesman stressed that nothing has yet been finalized – including moving forward with a windfall tax. One person with knowledge of the department’s thinking said the package was expected to be “significant” and would be the target of the minimum wage.

A No. 10 source further suggested that the arrangements are still being finalized. “There are various options that are being considered but no decision has been made,” they said.

Charities and anti-poverty campaigners have called for benefits to be upgraded, with living standards for some poor families falling sharply after a 3.1% increase in effect in April.

But Sunak claims that older IT systems have made it impossible. Whitehall sources further claim that the Treasury is reluctant to raise public credit after being stalled in the fight to remove £ 20-a-week during the epidemic.

Sunak’s spring statement in March was widely judged to have failed to do enough to help families struggle to end, even as some cabinet ministers were disappointed that the 22 22 billion spent so far to reduce the cost of living crisis has been poorly noticed.

Quarteng told MPs he hoped the families would get more help. “What we see now is not a complete picture,” he told the BEIS committee. “Both the Prime Minister and the Chancellor have stated that more will be announced in due course.”

Quarteng added: “These interventions may not be able to solve all the problems that consumers face, but they can go a long way in tackling the cost of living.” Johnson said last week that the government would “throw weapons around people” during the epidemic.

A Treasury spokesman said: “We understand that people are struggling with rising prices, and while we cannot afford to face global challenges, we support British families to navigate the coming months with a 22 billion aid package. “

Fuel prices pushed the consumer price index (CPI) to 9% in April, sparking criticism that the government had failed to protect millions of low-income families from choosing to feed themselves or heat their homes.

Johnny Marshall, a senior economist at the Resolution Foundation, said: “The sheer scale and depth of the crisis in Britain’s livelihoods means that the government urgently needs to provide significant additional support. The fact that the crisis is so concentrated on low- and middle-income households means that it is unclear how government policy support should be addressed.

“Facilities are clearly the best route to help the most vulnerable in the short term – whether it’s through early operating or single payments to help poor families get through the difficult winter ahead.”

Earth’s friends have called on the government to use a windfall tax to finance an immediate project to block homes. “Existing plans to increase the UK’s energy supply and reduce costs are not moving fast enough,” it said. “Obviously there is a growing need for emergency assistance for those unable to meet rising electricity prices, while a free road-by-road blockade program aimed at helping struggling families first can help reduce bills quickly before next winter.” The government can help finance this today by imposing a tax on the extra profits of fossil fuel companies. “

Thailand joins the Indo-Pacific Framework along with 12 other countries

Thailand joins the Indo-Pacific Framework along with 12 other countries

The 13 primary members of the Indo-Pacific Economic Framework (IPEF) are the United States, Japan, India, South Korea, Australia, Indonesia, Thailand, Singapore, Malaysia, Philippines, Vietnam, New Zealand and Brunei, according to Biden.

Although the IPEF is presented by its members as a “commitment to a free, open, fair, inclusive, interconnected, resilient, secure and prosperous Indo-Pacific region”, it is also an alternative to China’s growing trade presence across the Asia-Pacific. .

With 60 percent of the world’s population, the Indo-Pacific is expected to be the largest contributor to global growth in the next 30 years.

The IPEF will focus on four policy pillars, each led by an individual organization:

  1. United EconomyLed by the US Trade Representative or USTR;
  2. Sustainable economy, Which covers issues of supply chain resilience, led by the Department of Commerce, or DOC;
  3. Clean economy, Which covers DOC-led infrastructure, clean energy and decarbonization issues;
  4. Fair economy, Which is led by the DOC and covers tax and anti-corruption issues

Decision [of Thailand to join IPEF] This came as a big surprise to analysts and scholars familiar with the protracted administration’s long-term rethinking of joining the long-awaited Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).An editorial piece published yesterday wrote the Bangkok Post.

However, this can be explained by the fact that IPEF is not a new incarnation of a tariff-based Asia trade agreement like the China-led RCEP or the now defunct Trans-Pacific Partnership.

High quality and inclusion

Unlike other free trade agreements, such as RCEP and CPTPP, it does not include negotiations to reduce tariffs among IPEF members. Speaking at the launch event in Tokyo, President Joe Biden stressed that “the key to our success will be an emphasis on high quality of structure and inclusion.”

Several countries, such as Myanmar, Laos and Cambodia, were left out of the IPEF due to political and human rights concerns.

One issue is whether Taiwan will join the framework: a move that could upset China and complicate efforts to bring in Southeast Asian countries, many of which have close ties with China.

Seven of the 13 members of the IPEF (Japan, Brunei, Malaysia, Singapore, Vietnam, Australia and New Zealand) also include the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), originally called the Trans-Pacific Partnership Free Trade Agreement (TPP). ), Which Biden’s predecessor Donald Trump withdrew from the United States in 2017.

The US economic presence in the region is declining

After Trump pulled the United States out of the TPP, the decline in the U.S. economic presence in the region became even more pronounced when the RCEP began in January of this year. The China-sponsored mega trade agreement involves 15 Asia-Pacific countries, including Japan, China, South Korea, Australia and members of the Association of Southeast Asian Nations.

China, meanwhile, criticized the IPEF at a news conference on May 12, when Foreign Ministry spokesman Zhao Lijian said the Asia-Pacific region was “not a chessboard.” [a] Geopolitical competition, “and China rejects” small circle [that] The Cold War mentality. “

Moonpig will make Gifting Group Buagift a 124 million deal

Moonpig will make Gifting Group Buagift a 124 million deal

Greeting card giant Moonpig has announced a proposed acquisition of the অভিজ্ঞ 124 million gift experience platform Buyagift.

The acquisition accelerated Moonpig’s strategy to become a leader in the gifting market, and entered their bn 6bn experience segment.

Buyagift is the UK’s leading gift experience platform with the number one and number three brands in the sector, Buyagift and Red Letter Days.

With more than 4,400 partners across various categories, including short stays, theaters and family day-outs, the company offers a wide range of experiences to its 3m customers across the UK.

Last year, it posted revenue of £ 44m, with an EBITDA of £ 14m with a cash conversion rate of over 100 percent.

The transaction will immediately triple Moonpig’s gift range, without any inventory.

In the meantime, Moonpig will apply its data and technological capabilities to BuaGift brands to accelerate growth.

As a result of the acquisition, Moonpig now expects revenue of about £ 350m for its extended year-end results for the expanded Moonpig Group.

Moonpig chief executive Nikil Raithatha commented: “The transaction has strong strategic logic and mandatory financial benefits. Buyagift is profitable and highly cash-generating, with a proven track record of strong growth and we’re excited to further transform the business using the group’s proven playbook. “

“We see significant potential for cross-selling gift experience to Moonpig’s loyal customers. We look forward to working with the Buyagift team to provide an enhanced offer for our customers and to create value for our shareholders. “

My veterinary medicine and medical device “BIS” is welcome

My veterinary medicine and medical device “BIS” is welcome

Market for Alternative Investment (MAI) will list Bioscience Animal Health PCL, a manufacturer and distributor that provides a complete array of veterinary medicines and medical equipment, on May 5, under the ticker symbol “BIS”.

The company’s initial public offering (IPO) has a market capitalization of 1.88 billion THB (approximately USD 55.32 million).

MySpace president Prapan Charoenpravat said BIS would list the service industry group and start business on MySpace.

BIS and its affiliates manufacture, import and distribute pharmaceuticals, tools,
Equipment and products, including a variety of products such as veterinary medicines, food additives for animals and pets, and raw materials, with the approval or registration of the relevant agency.

The company imports products from leading distributors in 13 countries, such as the United States, France, the Netherlands and China. Currently, BIS distributes more than 470 products in 6 segments and the revenue ratio for 2021 was as under:

1) Animal health products 27 percent,

2) 17 percent of animal nutrition products,

3) Veterinary diagnostic products at 22 percent,

4) Feeding ingredients at 15 percent,

5) 18 percent of complete feed, and

6) 1 percent on other products.

Livestock-related customers include feed mills, integrated farms, farms and agents,
Pet-related customers include veterinary hospitals and clinics, pet stores and modern businesses. BIS distributes products under the brand of Business Partners, Original Equipment Manufacturer (OEM) products and products manufactured under the company’s own brand, the revenue ratio for 2021 is 81: 17: 2, respectively.

BIS has a registered paid-up capital of 157 million THB, including 220 million existing ordinary shares and 94 million newly issued shares, each valued at 0.50 THB.

The company has offered 70.5 million newly issued shares to individuals, 14.1 million shares to its patrons and 9.4 million shares to associates and employees at a total value of 564 million THB between 20-22 and 2022, each at a price of 6 THB, at the discretion of the underwriters. . The IPO price is equivalent to a price-to-earnings (P / E) ratio of 27.45 times.

Earnings per share is equal to 0.22 THB, which is calculated from the company’s net profit of 68.63 million THB in the last four quarters (January 1, 2021 to December 31, 2021) divided by the fully mixed shares. Maybank Securities (Thailand) is PCL’s financial advisor and chief underwriter.

BIS CEO Dhanwat Khongjaroyansombat says BIS is focused on
Selecting and presenting good quality and diverse products from leading manufacturers worldwide.

The founders and executives have been experienced veterinarians with expertise in this business for over 18 years, with the ability to understand and respond to customer benefits and needs.

In addition, the company supports innovation in addition to providing customers with maximum benefits, quality of animal life and efficient and quality research and development (R&D) for end consumers.

The funds raised will be used for financial institution loan repayment, factory expansion, equipment investment, research and development of commercial vaccines for commercial purposes and as working capital.

After the IPO, the major shareholders of BIS are BIS Group Holding Co., Ltd. (33.03)
Percent) and Dhanwat Khongjaroensombat (8.87 percent). The company’s dividend policy is to pay less than 30 percent of the net profit from the combined and separate financial statements after corporate income tax and all types of reserves.

mai News: Mai May 5 welcomes veterinary medicine and medical device “BIS”