PPS sees 200% spike in share price

 

 

At the close, the stock, listed on the Market for Alternative Investment (MAI), saw its share price surge 200 per cent from the IPO price of Bt0.70, to Bt2.10.

   PPS provides comprehensive services for engineers, architects, and construction specialists, including civil construction, electrical, mechanical, plumbing and sanitary systems, as well as interior design and other aspects of project management from initial conception to completion of the project, including continuation of services and maintenance tasks. 

 

PPS has a paid-up registered capital of Bt100 million. It sold 120 million shares via IPO to raise Bt84 million. The proceeds will be used to buy design programs for computer, increase the number of employees for design service, and for working capital. Asset Pro Management Co., Ltd. is the company’s financial advisor, and Finansia Syrus Securities pcl is the company’s underwriter.

"We strongly believe the fundraising will not only enlarge the potential of the company’s services by enabling it to offer a full range of construction services, but also reinforce the reliability of its professional management. This will help open business opportunities in cooperation with internal and overseas partners to take advantage of the upcoming ASEAN Economic Community," said Prasong Tharachai, chairman of PPS.

 

PPS is Thailand’s first engineering advisory and project construction management service provider to be listed on MAI.