Corporate News and Activities

Don Muang Tollway Public Company Limited (DMT), a leading infrastructure management company in Thailand, has set the price for its Initial Public Offering (IPO) at 16.00 Baht per share. The subscription period will run from April 26 to 28, with the shares expected to be listed on the Stock Exchange of Thailand (SET) on May 7.

DMT has appointed Finansa Securities Company Limited as the lead underwriter for the IPO and five other securities firms, including Krungsri Securities, KGI Securities, Finansa Cyrus Securities, Land and House Securities, and Asia Plus Securities, as co-underwriters.

DMT's management aims to leverage its 30 years of expertise in tollway infrastructure management to drive future public infrastructure projects and support Thailand’s long-term competitiveness. The company is actively exploring new investment opportunities in line with government policies encouraging private sector involvement in highway and tollway projects. This includes expansion projects like the M9, M8, M82 expressways, as well as other infrastructure developments such as rest areas along highways.

The funds raised through the IPO will be used for working capital and debt repayment, allowing the company to reduce financial liabilities and enhance returns for shareholders. DMT has committed to a dividend payout policy of no less than 90% of net profits after statutory reserve allocations.

DMT has a registered capital of 6,142.4 million Baht, with 5,414.4 million Baht in paid-up capital. Prior to the IPO, the company has 1,041.2 million outstanding shares, and will offer up to 140 million shares, representing up to 11.85% of the total shares after the offering.