All Inspire Development to list 150 million shares on MAI

Real Estate February 12, 2019 15:33

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The Securities and Exchange Commission has accepted the filing of property developer All Inspire Development Public Co Ltd to list its shares on the Market for Alternative Investment (MAI) with the issuance of an Initial Public Offering (IPO) of 150 million shares at the par of Bt1.00 per share.

Asia Plus Advisory Co Ltd is the financial advisor of the share listing of All Inspire Development.

The business operations of the group of companies consist of residential development of low-rise and high-rise condominiums and horizontal development projects such as townhomes under the brands The Excel, Rise, Impression, and The Vision.

There are also other property related businesses, such as a real estate agent for overseas markets under the operation of Thai D Real Estate Co Ltd, property investment and property trading services under the brand “Rise Venture” under the operation of Rise Estate Co Ltd and a condominium juristic management service under the operation of All Property Service Company Limited.

In addition, All Inspire has invested in two joint-venture companies: All Inspire Hoosiers Sukhumvit 50 Co Ltd to develop the low-rise condominium the Excel Hideaway Sukhumvit 50 project, and AHJ Ekkamai Co Ltd to develop the high-rise condo The Impression Ekkamai project.

From 2015 to 2017 and the first nine-month period of 2018, the Company’s total revenues were Bt109.14 million, Bt419.69 million, Bt714.50 million, and Bt1.626.77 billion, respectively.

Thanakorn Thanawarith, chief executive officer of All Inspire Development Public Co Ltd, said the fund-raising objective was to develop property projects on potential locations, for loan repayment to financial institutions, and for working capital of future operation.