ASIASOFT EXPECTS OFFERED PRICE TO BE BETWEEN BT10-12
ASIASOFT EXPECTS OFFERED PRICE TO BE BETWEEN BT10-12; LOMBARD ASIA III FUND TO INVEST IN THE COMPANY SUBSCRIPTION CONFIRMED ON 20-22 MAY Asiasoft Corporation Public Company Limited confirmed today its initial public offering (IPO) plan, expecting to announce the actual offered price by 16 May 2008.
At present, the offered price is expected to be between Bt10-12 per share and the subscription period is set between 20-22 May after its prospectus is approved and effective. The company announced that Lombard Asia III will subscribe to 15 million shares. Once the IPO is completed, Asiasoft’s stocks (SET: AS) will be traded on the Stock Exchange of Thailand’s Media and Publishing Category on 29 May.
DBS Vickers Securities (Thailand) Company Limited, Asiasoft’s financial advisor, also expressed full confidence in Asiasoft’s strong financial health and growth, which is already the biggest in the online game industry. The financial advisor believes that such strong financial condition will make Asiasoft one of the most attractive shares offered and the IPO plan will be successful as expected. About Lombard Asia III
Lombard Asia III is a private equity fund focusing its investment in Southeast Asia. It targets long-term investments in companies with high growth potential and capable management. Major investors in the fund include major institutional investors, such as the CalPERs, Asian Development Bank, International Financial Corporation,, and CDC Group PLC, a fund of funds owned by the United Kingdom Government. Lombard Asia III is managed by Lombard Investment, Inc., a San Francisco-based private equity manager with 3 funds targeting Asia under its management, with each fund averaging approximately US$ 250 million. About Asiasoft Corporation Public Company Limited
Established in 2001, Asiasoft Corporation Public Company Limited, a leading online entertainment service provider in Southeast Asia, focuses on online game services in Thailand, Singapore, Malaysia and Vietnam. The company also has affiliates involved in international investment, computer and online game development and game portal services. As of December 31, 2007, Asiasoft offers twelve online games in four countries, namely Thailand (seven games), Singapore (five games), Malaysia (five games) and Vietnam (six games) and boasts more than 8.2 million registered gamers in these countries. Its most famous games are Maple Story, Audition, Yulgang, Raknarok Online and Cabal, among others. For more information, contact
Asiasoft Corporation Public Company Limited