Kudun and Partners Facilitates Miss Grand’s Successful Listing on the SET
December, 2023 - Bangkok, Thailand
Kudun and Partners have successfully assisted Miss Grand International Public Company Limited (MGI), a company that owns a beauty pageant platform and is involved in various industries, including cosmetics, entertainment, events, health products, processed food, and talent management, with their Initial Public Offering (IPO) project. MGI submitted an application to the Office of the Securities and Exchange Commission of Thailand (SEC), seeking permission to offer 60 million shares to investors within Thailand at an IPO price of THB 4.95 per share, totaling THB 297 million. Additionally, MGI applied to the Stock Exchange of Thailand (SET) for the listing of 210 million shares on the Market for Alternative Investment (MAI), with its first trading day scheduled for December 14, 2023.
The IPO process encompassed thorough due diligence, the conversion of MGI’s corporate structure from a limited company to a public limited company, extensive legal research, and the drafting of comprehensive documentation to ensure full compliance with regulatory requirements. Our team worked closely with MGI to navigate the intricacies of securities law, corporate governance, and disclosure obligations, ensuring the offering’s strict adherence to all applicable laws and regulations.
We are pleased to have played a part in this significant milestone for our client. Our team’s diligent work in structuring the transaction, conducting thorough legal reviews, and providing strategic advice contributed to the successful listing of MGI on SET. This event signifies a notable achievement in MGI’s corporate journey, allowing them to access the public markets and pursue their growth potential.
Kudun Sukhumananda, Partner and Co-head of the Capital Markets Practice, alongside Thitawan Thanasombatpaisarn, Partner, played pivotal roles in the successful listing of MGI, with support from associates: Nichapat Anantaseriwittaya, Sirivipa Kittisubun, and Thanpitcha Rojanawiboonchai, who also played pivotal roles in facilitating this transaction.”
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