AIRA Capital is taking a big step forward in order to be among the country's top five in the non-bank finance and securities business through a merger and acquisitions strategy after an initial public offering.
AIRA Capital took over a brokerage house eight years ago and changed its name to AIRA Securities followed by the acquisition of advisory and factoring firms before restructuring its business group.
AIRA Capital also invests in other companies through its investment arm JRK Holdings.
Though having no any financial back-up in the banking business, chief executive officer Nalinee Ngamsettamas, a major shareholder, is confident of her group’s strength.
Having close relations with Nalinee are the new group of shareholders, the Chulangkul and Jungrungreangkit families, known as tycoons in the automotive industry, and the Wilailak family, one of the most affluent in the telecommunications sector.
AIRA Capital today will sign an agreement with Maybank Kim-Eng Securities (Thailand) to underwrite its Bt634 million initial public offering and advise for listing on the Market for Alternative Investment (MAI).
AIRA Capital’s registered capital is Bt3.11 billion with par value of Bt0.25 each. The company will also allocate 125 million shares in a rights offer to three new groups of major shareholders.