“Siamese Asset” real estate developer Ready to be traded on the SET on December 25, with the value of securities at IPO price 6,113.51 million baht, using the trading symbol “SA”.
Mr. Manphong Senanarong Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand revealed that the SET welcomes Siamese Asset Plc. To list and start trading on the SET. In the real estate and construction sector Property Development By using the ticker symbol “SA” on 25 December 2020
SA operates a comprehensive real estate development business. Both low-rise and high-rise projects consist of condominium projects, housing estates, townhomes, and home offices by creating differentiation and added value to the assets that focus on the development of real estate projects in potential locations in the form of Branded Residence by enhancing quality. Of property through after-sales service by bringing leading hotel brands with world-class standards to serve within the residential project At present, the company has completed real estate projects And in the process of selling a total of 7 projects worth approximately 17,000 million baht, two projects under construction worth approximately 12,000 million baht, and two future projects that are expected to gradually recognize revenue within 3-4 years, valued at approximately 9,000 million baht.
SA has paid-up capital after IPO of 1,111.55 million baht with a par value of 1 baht per share consisting of 961.55 million existing ordinary shares and 150 million newly issued ordinary shares at the offering price of 5.50 baht per share, totaling 825 million baht. The value of securities at IPO price is 6,113.51 million baht, with Asia Plus Advisory Company Limited as the financial advisor. Krungthai Zmico Securities Company Limited and Asia Plus Securities Company Limited are underwriters and underwriters for the sale of ordinary shares.
Mr. Khajonsit Ansalai, Chief Executive Officer of Siamese Asset (SA) Plc., Said that the listing of the Company’s ordinary shares on the Stock Exchange of Thailand will help strengthen the company’s strength. The fund was raised to develop 3 condominium projects, namely 1) Blossom Condo @ Fashion 3, 2) ABOVE 39 and 3) Blossom Condo @ Thung Song Hong Station projects. The rest will be used as working capital. As well as debt repayment from financial institutions It is expected to help the company reduce financial costs and improve the company’s performance.
SA has the first 3 major shareholders after IPO, namely 1) Mr. Kajonsit Athanasala, holding 35.80% of shares, 2) Mr. Utharaphusit Kanchana, holding 15.50% of shares, and 3) Mr. Thanyawong Pornpenphap, holding 11.20% of shares. The IPO offering price is set at 5.50 baht per share, which is 17.2 times the price to earnings per share (P / E ratio) calculated from the Company’s operating results over the past 12 months. From the fourth quarter of 2019 to the third quarter of 2020, which is 352.3 million baht divided by the total number of shares after this offering (fully diluted), the net profit per share is 0.32 baht. To shareholders at the rate of not less than 40% of the net profit according to the separate financial statements after tax deduction And legal reserve
Investors and interested people Please see details from the Company’s prospectus at the SEC’s website at www.sec.or.th. And general information of the company www.siameseasset.co.th and www.set.or.th
–
