Ready to pursue an IPO as planned

October 31, 2023 -- RS Public Company Limited or RS Group led by Mr. Surachai Chetchotisak, Chief Executive Officer, and Mrs. Pornpan Techarungchaikul, Chief Executive Officer of RS Music, together with Ms. Suwimol Srisophachit, Executive Vice President of KGI Securities (Thailand) Public Company Limited, attended the signing ceremony for appointing KGI Securities as the financial advisor for RS Music, gearing up to be a listed company in the Stock Exchange of Thailand (SET). The movement will further extend the company’s growth opportunities and competence. In the following stage to move on with IPO preparations, the financial advisor will be responsible for submitting a filing to the Securities and Exchange Commission.

Mrs. Pornpan Techarungchaikul, Chief Executive Officer of RS Music, revealed: “RS Music, recognized as Thailand’s successful music icon, has now become a business under RS Group, which is ready to carry on with our business expansion plan and file for an initial public offering (IPO) in order to further accelerate our explosive growth. As we see the prospects for multidimensional business expansion, the fund raised through the IPO will be utilized to build on the production of new music works for Thailand’s music industry. The collaboration with both local and international partners through different formats, especially the partnership with Universal Music Group, will help broaden our income base from copyright revenue through digital channels, including a wide range of streaming platforms and social media channels. Additionally, the partnership will support the recruitment of new talents to further strengthen our teams, who will together create a new music phenomenon for consumers and elevate Thailand’s soft power to compete on the global stage. To get RS Music ready for listing in the SET by 2025, we have already devised our strategy to generate revenue from different channels.”

Ms. Suwimol Srisophachit, Executive Vice President of KGI Securities (Thailand) Public Company Limited, said: “With a strong partnership with the world’s top music label, Universal Music Group, and a team of executives with extensive experience in the music industry, we are confident that RS Music is a capable company with great potential to be listed in the SET. We are thrilled to be appointed as its financial advisor and more than willing to assist in getting RS Music ready for its anticipated listing in the SET as soon as possible, according to its plan.”

For more information and updates of RS Music, please visit www.rsmusicth.com  and https://www.facebook.com/rsmusicthailand. For additional details of RS Group, please visit www.rs.co.th and https://www.facebook.com/RSGROUPOFFICIAL

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