Bangkok (August 7, 2017) - Shares of S continue to thrive after launching a capital increase of 400 million shares and convertible bonds worth 180 million USD, revealing strong interest from leading institutional investors both domestically and internationally who are confident in investing.

          Mr. Narit Chayaklin, CEO of Singha Estate Public Company Limited, stated: “Since Singha Estate Public Company Limited (S) opened the sale of capital increase shares and convertible bonds in mid-July, there has been significant interest from both Thai and foreign institutional investors due to their confidence in the company's potential and projects. The capital increase shares offered to a limited group amounted to 400,000,000 shares at a price of 4.16 baht per share received positive responses from leading fund management companies such as BBL Asset Management, Wattanapat Asset Management, and Templeton, totaling approximately 1,664,000,000 baht. Additionally, the convertible bonds valued at 180,000,000 USD also attracted interest from foreign institutional investors, with the company successfully raising the full amount through this issuance.

          The funds raised will be invested in a mega project at a world-class tourist destination in the Maldives, with the first phase set to open in 2018 and further developments planned according to the company's operational strategy.

          Regarding the progress of the mixed-use project, Singha Complex, it is preparing to lease office space by the end of Q3 or early Q4, with confidence that the leasing rates will meet the set targets. Additionally, there are plans to launch a luxury condominium project in Sukhumvit 36 and a super-luxury single-house project on Pradit Manutham Road by the end of the year.”

 

Thank you for the information from    www.singhaestate.co.th