Ubon Bio Ethanol Public : Report on the utilization of IPO proceeds ended 30 June 2022
July 27, 2022 at 04:35 pm IST
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UBE.LOS.
015-2565
July 27, 2022
Subject:
Report on the utilization of IPO proceeds
To:
President
The Stock Exchange of Thailand
Ubon Bio Ethanol Public Company Limited (the "Company") has completed the Initial Public Offering
("IPO") of 1,174,286,000 newly issued ordinary shares at Baht 2.40 per share, which subscribed on September 21-23, 2021. As a result, the Company has received Baht 2,742.7 million in aggregate net proceeds (after deducting all IPO-related expenses).
The Company would like to report the utilization of IPO proceeds as of June 30, 2022 as follows:
(Unit : Baht Million)
Proceeds
Actual
Balance as
utilization
proceeds
Objective
of 30 June
(Estimated
utilization until
2022
amount)
30 June 2022
1. Investment in various projects related to existing business
▪ An expansion of cassava flour capacity by 200 tons/day to 300
300.0
-
300.0
tons/day
▪ New production line for organic sweeteners i.e., syrup and
300.0
-
300.0
maltodextrin with a capacity of 300 tons/day
▪ Improvement of cassava starch production efficiency by investing
100.0
8.6
91.4
in new machineries such as rasping and centrifuge, etc.
▪ De-bottlenecking fuel ethanol production capacity by 40,000
50.0
-
50.0
liter/day
▪ Investment in organic coffee milling and roasting facilities
100.0
-
100.0
2. Working capital
1,892.7
1,657.8
234.9
Total
2,742.7
1,666.4
1,076.3
Please be informed accordingly.
Sincerely yours,
Ubon Bio Ethanol Public Company Limited
-Signed-
(Ms. Sureeyot Khowsurat)
Managing Director
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Ubon Bio Ethanol pcl published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 11:03:11 UTC.
Ubon Bio Ethanol Public Company Limited is a Thailand-based company manufacturer and distributor of processed cassava products. Its core products include ethanol, cassava starch, and cassava flour, which are available in both conventional (native) and organic forms. It uses approximately 1,200,000 tons of cassava roots as raw materials for ethanol and cassava starch/flour production. The Company operates through three segments: tapioca starch, biogas and electricity from biogas; ethanol, and others. It focuses on enhancing the value of the by-products from the ethanol and starch production process, which include wastewater and cassava pulp. It manufactures and distributes various grades of ethanol, which are fuel grade, industrial grade, and hand sanitizer spray and gel. Its hand sanitizers are sold under the brand name of Ubonbio and KLAR. The Company also offers organic products, such as coffee, rice and other agricultural products for wholesale markets and consumers.
UBON BIO ETHANOL 
