JSP Property readies up to Bt4 bn for investment in projects

JSP Property plans to invest as much as Bt4 billion this year in new projects after achieving a record Bt1 billion earnings in the first quarter of this year.
It made Bt48 million in net profit.
Sittiporn Ratanaporn, chief financial officer of JSP Property, said the company will raise capital by offering debentures worth Bt1.2 billion for investors through Asia Plus Securities, AEC Securities and UOB Kay Hian (Thailand).
“The purpose of these debenture is to raise funds for business expansion as well as for operating costs,” he said.
The debentures will be offered from June 15-16 and June 19-20.