Bangkok – All Inspire Development Public Company Limited ("ALL" or "the Company") made a successful debut on the mai stock exchange today, opening at 4.94 Baht, up 0.82% from the IPO price of 4.90 Baht. The company is committed to enhancing its role as a comprehensive real estate developer and service provider, focusing on a business model that differentiates it from competitors, with the goal of rising to the Top 10 in the country as per the company's vision.

          Mr. Thanakorn Thanawirith, Chief Executive Officer of All Inspire Development Public Company Limited ("ALL" or "the Company"), a leader in condominium development under the brands The Excel Rise and Impression, as well as horizontal residential property development under the brand The Vision, announced that the company's common shares began trading on the mai stock exchange today (May 8, 2019) in the real estate and construction sector, specifically in the property development category. The shares opened at 4.94 Baht, an increase of 0.82% from the IPO price of 4.90 Baht, marking a significant success and reflecting confidence in ALL's business. He expressed gratitude to shareholders and investors for their strong support since the first day of trading on the mai stock exchange.

          "The stock price's ability to remain above the offering price is a result of the company's strong fundamentals and high growth potential, driven by a clear and continuous business expansion strategy. It must be acknowledged that ALL is a new stock that has attracted attention since the first day of the IPO subscription period from April 26, 29-30, 2019, which saw significant interest from investors, with a total of 150 million shares fully subscribed. Therefore, the current interest in the stock price reflects confidence in ALL's business," he stated.

          The company plans to use the 735 million Baht raised from this funding to further develop its business, including real estate project development, repaying loans, and as working capital. This aligns with the vision of becoming a leading property developer ranked in the Top 10 in the country, emphasizing its role as a comprehensive real estate solutions provider with a strong business model that differentiates it from competitors, thereby building trust and confidence among stakeholders such as shareholders, partners, and employees.

          Therefore, it is believed that this fundraising will allow ALL to spread its wings for business expansion and enable the company to access funding sources from the money and capital markets for new real estate project developments in the future, in line with ALL's policy to focus on business expansion to create stable and sustainable growth and to enhance its competitive capabilities while aiming to provide good long-term returns to shareholders.

          As of the end of 2018, the company had total assets valued at 6 billion Baht, total liabilities of 5.238 billion Baht, a debt-to-equity ratio (D/E Ratio) of 6.78 times, and an interest-bearing debt-to-equity ratio (IBD/E Ratio) of 4.66 times. Following the fundraising, the company plans to use part of the funds to repay loans. Additionally, the company expects to generate income from the transfer of ownership of projects planned for transfer in 2019, which will enhance the company's cash flow and is expected to reduce the D/E Ratio and IBD/E Ratio after the listing.

          The CEO of All Inspire also emphasized that in 2019, the company anticipates continuous growth, driven by a backlog of approximately 6.19 billion Baht as of the end of 2018, which will gradually start to recognize revenue from ownership transfers over the next four years (2019-2022). This will significantly enhance the company's ability to recognize revenue from now on. Furthermore, the company has remaining units for sale from completed projects, projects under sale and construction, and projects awaiting development, with a total value of approximately 8.7 billion Baht.

          "With strong potential and strategic business strengths, ALL can meet all the needs of residents in every dimension with a stylish difference under the concept of Class of Living, 'A life of quality is a life you choose yourself,' which proves ALL's capability as a comprehensive real estate leader, leading to success in every location and project today," Mr. Thanakorn concluded.

          Dr. Kongkiat Opaswongkarn, Chairman of the Executive Committee of Asia Plus Group Holdings Public Company Limited, stated that All Inspire Public Company Limited ("ALL"), which registered on the mai stock exchange today, is a company with the potential and distinctiveness in developing quality housing that truly meets lifestyle needs. This is evidenced by its rapidly growing sales, resulting in ALL's strong financial status and continuously growing performance. Coupled with a visionary and professionally managed executive team, this further reinforces the company's business strength. It is believed that ALL's stock will be a growth stock that provides good returns to shareholders and investors, as well as sustainable business growth in the future, ready to become a leading property development company ranked in the Top 10 in the country.

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