Siamese Asset Public : Report of the utilization of capital increase from IPO
August 01, 2022 at 09:35 am
Share
No. 087/2565
August 1, 2022
Subject:
Report of the utilization of capital increase from IPO
To:
The President
The Stock Exchange of Thailand
Siamese Asset Public Company Limited (the "Company") issued new shares for capital increase by Initial Public Offering ("IPO") during 17-18 and 21 December 2020 for 150 million shares at the offering price at
5.50 Baht per share. In this regard, the Company received totaling net proceeds (after the deduction of underwriting fees and related expenses incurred from the offering) of 777.50 million Baht.
The Company, therefore, would like to report the use of proceeds from IPO as of June 30, 2022, as follows:
Unit : Million Baht
Approximated
Use of the Net Proceeds
Remaining
Objective of the Use of Proceeds
Use of Net
as of December 31, 2022
Proceeds
Proceeds
1. For investment and development
127.50
127.50
-
2. For the repayment of the loans from financial
550.00
550.00
-
institution
3. For the Company's working capital:
- Working capital for the Company (Real Estate
70.00
70.00
-
Development Business)
- Working capital for associated company (Siamese
30.00
30.00
-
Taste Co., Ltd.) F&B Business
Total
777.50
777.50
-
Please be informed accordingly.
Sincerely yours,
(Mr. Suphon Chongchintaraksa)
Chief Financial Officer
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Siamese Asset pcl published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 13:34:06 UTC.
Siamese Asset Public Company Limited is a Thailand-based company. The Company's principal activities include property development for sale and management of real estate development projects, as well as providing consulting and management services. It operates through three segments: the real estate development segment, the service segment, and the hotel segment. The real estate development segment is engaged in the real estate development business, which includes single-family homes, townhouses, and condominiums. The service segment is a business segment comprising business services and building management. The hotel segment is a business segment comprising hotel services. Its projects include Landmark at Grand Station, Landmark MRTA Station, Wyndham Residence, Ramada Plaza Residence, Wyndham Garden Residence, and Ramada Residence. The Company's subsidiaries include Siamese Surawong Co., Ltd., Siamese Sukhumvit Co., Ltd., Siamese Queens Co., Ltd., S Sukhumvit 87 Co., Ltd., and others.