25% of SIC shares up for sale in IPOMicrochip manufacturer Silicon Craft Technology (SIC) has announced it will launch an IPO with 100 million shares or 25% of the company in late July, with the goal of becoming the world's largest animal tag microchip producer. Manop Dhamsirianunt, chief executive of SIC, said the company has 150 million baht in paid-up capital. In the first quarter of 2020, SIC generated revenue of 95.2 million baht, rising 30.7% from 72.9 million in the same period the year before. Net profits during the past three years stood at 38.7 million baht, 51.7 million and 24.5 million, respectively. SIC's first-quarter net profit was 15.6 million baht, jumping 552% from 2.39 million baht in the same period last year.

Source: Bangkok Post July 05, 2020 19:18 UTC