Thailand: En Force Security filed a fire for IPO of 27.74 million shares aimed at mai

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Enforce Security filed a fire for IPO of 27.74 million shares with Yuan Ta Securities (Thailand) as a financial advisor. And is an underwriter and underwriter aimed at mai market revealing the proceeds from the fundraising will be used to expand

Enforce Security Public Company Limited filed a filing for an initial public offering (IPO) of not more than 27,741,000 shares or 27.00 percent of the issued and paid-up ordinary shares. All after this offering of capital increase shares And intends to be listed on the Market for Alternative Investment (mai) with Yuanta Securities (Thailand) as a financial advisor. And is the underwriter and guarantor of the sale of shares this time

Objective of using the funds received from this fundraising To create a Technical Support Center, investment for research and development of cybersecurity products. (Cybersecurity) investing in related businesses to grow the company. And as the Company's working capital

The company operates mainly in two parts: a business as a distributor of cybersecurity solutions products. (Cybersecurity) to many world renowned vendors. By the products that the company It can be classified into 4 types: (1) End Point Security (2) Network Security (3) Performance Management System ( Network Performance and Monitoring) and (4) other systems or software that the Company sells (Others), namely Encryption Solution related software, verification and identification software. (Authentication) and software related to data storage (Archiving), etc. The revenue from sales of the company since the year 17-19 is worth 450.57 million baht, 553.34 million baht 623.

In addition, the business provides services related to the products that the company Is that dealer It is a technology-related product that requires professionals for maintenance, installation, training and troubleshooting. That may arise from the use of the product, etc. The company provides services related to the products that are distributors can be divided into 3 types of services as follows: 1. Installation service. (Installation Service) 2. Training Service 3. Maintenance Service

Performance for the 6 month period of 2020 Sales revenue 308.78 million baht Cost of sales or services 248.57 Million Baht Net profit for the period 8.69 million Baht Total assets 300.40 million Baht Total liabilities 151.13 million Baht Shareholders' equity 149.27 million Baht

Revenue from sales and services of the Company in 2017-2019 has grown at an average annual growth (CAGR) of 17.19%. Revenue from sales of network security, followed by sales of security systems for end-user devices (Network Security) and performance management systems (Network performance & monitoring) by the company each year Received positive factors from how many organizations Has given great importance to investment in information security systems Enforcement plan The Cybersecurity Act 2019 and the Personal Data Protection Act expected to come into effect in 2021, the Company Has a continuously increasing customer base As well as being given more opportunities to work on large projects

For the six month period ended June 30, 2020, the Company had a net profit of 8.69 million baht, a decrease compared to the same period of the previous year that was 10.09 million baht, a decrease of 1.39 million baht or a 13.80 percent decrease due to Company There was an increase in foreign exchange loss of 11.54 million baht from the sharp depreciation of the baht in the first quarter of 2020.

Future projects The company has investment plans as follows: Establishing a Technical Support Center and expanding a team of personnel in various departments. Related In order to increase the efficiency of service to customers And used in demonstrating the work of products that the company Be a dealer To provide customers with knowledge Product understanding And able to choose products that better meet the needs of the company. Currently, located at The Synchronize Soi Ratchada 18, there is insufficient space, therefore, the Company needs to rent additional buildings to support this plan. It has a total usable area of ​​300-400 square meters to improve rental buildings. And provide accessories Office equipment And equipment on the side Cybersecurity by the company expects the renovation of the building to be completed. And can be used within 4Q21

Investing in product research and development Cybersecurity The company plans to focus on software development. Cybersecurity That will help connect the product solutions that the company Be a dealer With various customer systems such as personal information storage systems To improve efficiency in use And make the product workable to suit the context of the customer and Thailand. The company may work with software development companies to research and develop products. This may include selling software under the Company's brand (White Label) as well as purchasing intellectual property from software development companies whereby the Company expects to invest in software research and development. Within the fourth quarter of 2021

Investing in businesses that add to the growth of the company As well as investing in companies with a customer base in neighboring countries. Will help make the company Able to become a distributor of cybersecurity technology (Cybersecurity Technology) is truly leading in the region. The Company's investment consideration policy There are some possible ways to expand the business growth in line with the Company's growth strategy as follows: Increase the ability to meet the needs of corporate customers in cybersecurity technology. Is going to make the company Able to expand the business into businesses related to cybersecurity technology (Cybersecurity Technology)

Is going to make the company Able to expand the business to neighboring countries in Southeast Asia To be able to build on knowledge of cybersecurity technology (Cybersecurity Technology) of the Company and the relationship that the Company With a group of cyber security product owners (Cybersecurity) leading to the world, such as investments to consolidate dealers in countries in Southeast Asia, especially Myanmar, Laos, Cambodia. And Vietnam The demand for cyber security products is significantly higher, and the Company expects to invest in businesses that will further increase the Company's growth within 4Q65.

The Company has a total registered capital of 52,970,500 baht, of which 105,941,000 ordinary shares with a par value of 0.50 baht per share and 37,500,000 baht of paid-up capital, or 75,000,000 common shares. The company will have paid-up capital to be increased to 51,370,500 baht, which is 102,741,000 ordinary shares with a par value of 0.50 baht per share.

The major shareholders of the Company as of September 9, 2020 consisted of the Surname Luancharoen Group, holding 20,888,460 shares or 27.85%. After IPO, the shares will be reduced to 20.33%. 17,090,560 shares or 22.79% after IPO will reduce its shareholding to 16.63% Mozzeguro Company Limited holds 25,023,840 shares or 33.37% .After IPO will reduce its shareholding to 24.36. % And Hudson Asia Holdings Pte. Ltd. holds 11,997,140 shares or 16%. After IPO, the shareholding will be reduced to 11.68%

Holding shares at the rate of not less than 50% of the net profit from the separate financial statements. After tax And various reserves All types as specified in the laws and regulations of the company