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Published on November 26, 2007

"I'm sure that the IPO will be successful as we enjoy continual growth and good prospects," managing director Ronaphom Suviriyakulchai told reporters last week.

He said the IT business for mobile computers should remain robust as competitors were still few. The company claims it is the leader of the industry.

He said the Malaysian owner holding Simat via Grand-Flo Solution Bhd would support Simat both financially and technically. Grand-Flo's stake in Simat is 49 per cent until Simat's initial public offering from tomorrow till Thursday.

Grand-Flo and Simat have agreed to be partners in all overseas projects. Grand-Flo is conducting a feasibility study on entering Vietnam, and Simat is expected to form a joint venture with Grand-Flo for the venture.

"So far Grand-Flo has expanded overseas by holding 100 per cent in its overseas companies. Simat is the only partner of Grand-Flo. We believe Grand-Flo will commit long-term investment in our company. So far we have generated good performance for Grand-Flo," Ronaphom said.

Simat has registered capital of Bt75 million, of which Bt56.25 million is paid up.

Siriporn Chanjindamanee

The Nation