Sino Logistics’ First Day Trading Marks Successful Debut on SET
Sino Logistics Corporation (SINO) celebrated its official debut on the Stock Exchange of Thailand (SET) as it commenced trading in the Transportation and Logistics sector. The first-day trading event occurred on September 20 at the Sukree Kaewcharoen Auditorium, SET.
This listing on the SET represents a significant milestone in the comany’s growth trajectory, attracting considerable attention from investors. Notably, the stock’s opening price at THB 1.60 marked a 14.3 percent increase from the initial public offering (IPO) price of THB 1.40 per share.
SINO’s objectives for the funds raised through its stock exchange listing include: 1. Expanding container storage facilities in Rayong or Chonburi to enhance container management efficiency, particularly during shortages. 2. Investing in strategic business partners within both domestic and ASEAN markets. This may involve partnerships with companies engaged in freight forwarding or international air transport services in Thailand, Malaysia, Cambodia, Vietnam, and Indonesia. 3. Allocating funds as working capital for the company and making strategic investments in related businesses to support SINO’s long-term growth strategy.
“We are extremely delighted by the listing of SINO shares on the SET, as we firmly believe this milestone will significantly bolster our business expansion endeavors and enhance our competitive edge. Our commitment to addressing customer requirements underscores our dedication to propel the company towards becoming a leading end-to-end international logistics service provider in the region,” Mr. Nanmanus Witthayasakpant, Chief Executive Officer of SINO, revealed.
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