LISTING All Inspire to launch IPO on the MAI
The Securities and Exchange Commission has accepted the filing of property developer All Inspire Development Plc to list its shares on the Market for Alternative Investment (MAI) with an initial public offering of 150 million shares, par value at Bt1 per share.
The company’s chief executive officer, Thanakorn Thanawarith, said the company is raising capital to develop both condominium and low-rise residences to drive its future business growth to be among the top 10 leading property firms in the country.
The registered capital is now |at Bt560 million, while issued |and paid-up capital is at Bt410 |million, from 410 million shares.
The company’s total revenue was Bt109.14 million in 2015, Bt419.69 million in 2016, Bt714.50 million in 2017 and Bt1.62 billion in the first nine months of 2018. During the same period, the group of companies’ net profits were Bt3.55 million, Bt11.03 million, Bt80.80 |million, and Bt212.73 million, |respectively.
The group’s increasing revenue and net profits mainly come from revenue recognised as completed and transferred from projects in each year, starting from the first project in 2015, he said.