Tuesday, November 12, 2019

Property developer Villa Kunalai prepares for IPO

May 27. 2019
Praweerat
Praweerat
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By The Nation

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Property firm Villa Kunalai Plc or KUN has filed a prospectus with the Securities and Exchange Commission’s Market for Alternative Investment (mai) as it prepares to list its shares with an IPO of 75 million shares or 25 per cent of total share capital and a par value of Bt1 per share.

 

 

 

The IPO aims to raise capital for additional land purchase in Bang Bua Thong District, Nonthaburi Province as well as for business expansion, Piyapa Chongsathein, Managing Director of S14 Advisory Co Ltd, who has been appointed as the company’s financial advisor, said on Monday. 

At present, the company’s registered capital of Bt300 million consists of 300 million common shares, and the paid-up capital of the Company is equal to Bt225 million. After the IPO, the Company’s paid-up capital will increase to Bt300 million.

KUN’s chief executive officer Praweerat Dheva-Aksorn said that the company plans to launch another 3 new projects worth a total of approximately Bt2.82 billion this year to boost its presales for the year.

The group of companies reported total revenue from 2016 to 2018 of Bt297.50 million, Bt450.38 million, and Bt447.09 million and a net profit of Bt5.94 million, Bt10.80 million, and Bt11.56 million respectively.

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