Briefs

CP All will increase the proportion of franchised 7-Eleven convenience stores from 54 per cent of the total to 58 per cent by the end of this year.
Vice president Anittha Thanamit said yesterday that the franchised outlets would be increased from 3,900 to 4,294 out of the total of about 7,000 7-Elevens.

Telenor chief visit
Jon Baksaas, CEO of Norway’s telecom giant Telenor, yesterday paid a courtesy call on Prime Minister Yingluck Shinawatra at Government House. They discussed possible collaboration to initiate the development of mobile applications focusing on essential content.
Telenor is the foreign strategic partner of Total Access Communication (DTAC).

Ratchatani Leasing debenture issue
Ratchatani Leasing will issue unsubordinated debentures valued at not more than Bt2 billion for four years with a coupon rate of 4.7 per cent per annum, said its managing director Kovit Rongwattanasophon.
The company’s unsubordinated debt will be offered to general investors and institutional investors. He said subscriptions would be made available from June 11-13 with minimum investment of Bt100,000 at Thanachart Bank and Capital Nomura Securities.
He said the company planned to issue additional debentures worth Bt2 billion to Bt2.5 billion in the fourth quarter of this year to fund business expansion in 2014.

AirAsia plans daily flights to Nay Pyi Taw
AirAsia plans to launch daily flights between Bangkok and Nay Pyi Taw, the capital of Myanmar, in October to support the increasing demand of travellers between the two capital cities, said Tony Fernandes, group CEO of AirAsia.
“We are committed to making travel within Asean accessible and affordable, especially as connectivity to Nay Pyi Taw continues to become an increasingly important destination for the region,” he said. “With the 27th SEA Games approaching in December, Myanmar’s chairmanship of Asean in 2014, and the Asean Economic Community taking place in 2015, there will be tremendous demand to connect the capital city to the rest of the world.”

Krungthep Land to list on SET in Q4
Krungthep Land plans to list on the Stock Exchange of Thailand in the final quarter of the year.
It is in the process of filing its application with the Securities and Exchange Commission.
Fraser and Neave, which holds 40 per cent of the company, continues to hold the stake after Thai Beverage took over its parent early this year, Chainid Ngowsirimanee, CEO of Property Perfect, said yesterday.
Property Perfect is one of the major shareholders of Krungthep Land. “Nothing has changed in Krungthep Land. Its business plan continues to be implemented,” he said.

Mono makes debut on MAI today
Mono Technology will start trading on the Market for Alternative Investment today under the ticker symbol “MONO”, after raising Bt2.79 billion via an initial public offering.
Mono is the seventh company to list on the MAI this year. It aims to expand locally and abroad and bid for a digital TV broadcast licence to offer a complete range of entertainment services. It has paid-up registered capital of Bt140 million, with par value of Bt0.10, consisting of 1.15 billion existing common shares and 245 million newly issued shares.
The company sold 245 million shares to the general public from May 29-31 at Bt11.40 per share, for a total of Bt2.79 billion. Advisory Plus Co is the company’s financial adviser, while Kasikorn Securities and Bualuang Securities are the co-lead underwriters.
Mono CEO Sang Do Lee said the proceeds would be used to expand in Thailand and other countries, purchase programming content to extend its customer base, and acquire related businesses. Part of the proceeds will be used to bid for a digital TV channel provider licence.
 Mono’s IPO price was derived from book building and has a price-to-earnings ratio of 25.34 times, calculated using earnings per share over the last four quarters.