The Chairwoman of the Capital Market Opportunity Center (CMOC) and the Market for Alternative Investment (MAI), Ms. Sopawadee Lertmanaschai, disclosed that The Stock Exchange of Thailand (SET) has examined the information provided in form 56-1 for the year 2003 of O.C.C. Pcl. (OCC), White Group Pcl. (WG), and Amarin Plaza Pcl. (AMARIN) and concluded that their main sources of revenue and their operational performance are likely to continue to move in line with their new sectors. Hence these 3 listed companies will be transferred to their new sectors starting from November 8, 2004, onwards.
O.C.C. Pcl. (OCC) will move from the Commerce Sector in the Services Industry Group to the Pharmaceutical Products & Cosmetics Sector in the Consumer Products Group. As reported in OCC’s form 56-1 for the year 2003, 86.75% of the company’s core revenues were derived from the sale of cosmetic products.
White Group Pcl. (WG) will move from the Commerce Sector in the Services Industry Group to the Chemicals and Plastics Sector in the Industrials Group. As reported in WG’s form 56-1 for the year 2003, 87.4% of its core revenues were derived from the import and distribution of chemical products. Most of WG’s products are intermediate goods and raw materials.
Amarin Plaza Pcl. (AMARIN) will move from the Property Development Sector in the Property & Construction Group to the Hotel & Travel Services Sector in the Services Industry Group, as 69% of its total revenues were derived from the hotel industry. The company’s existing trends indicate that its future operational performance will continue to be rooted in the hotel and travel industries.
“The sector classification of each listed company is undertaken by examining the information reported in each company’s form 56-1, which annually emphasizes what core component on the business generates over 50% of the company’s total revenues. If there is no clear core activity generating over 50%, then a profit criteria will be considered. The SET reviews sector classifications annually,” Ms. Sopawadee said.