SA Prices an IPO at ฿5.5, Expecting a First Trading Day in SET on Dec. 25

Siamese Asset Public Company Limited (SA) announced its initial public offering (IPO) of not exceeding 150 million shares at a price of 5.50 baht per share. Subscription will take place between 17-18 and 21 December 2020 and scheduled to start trading on the Stock Exchange of Thailand on 25th December 2020, under the ticker symbol “SA“.

 

Currently, SA has a registered capital of 1,111,547,300 baht in which 961,547,300 baht is a paid-up capital, divided into 961,547,300 shares at a par value of ฿1.00/share, and will offer the IPO of not exceeding 150 million baht equivalent to 13.5% of total SA’s paid-up capital. After the IPO, SA will exercise as working capital for future business expansion and repayment of existing loans to reduce financial cost.

 

In addition, SA will continue to seek for good located plots in Bangkok Metropolis and Vicinity for vertical and horizontal property developments. SA also plans to expand its investment overseas in the long-term. However, SA has a flexible investment plan that would be suitable in the future. As well as increasing the proportion of revenue from recurring income businesses to boost stability for long-term performance.