ALL's Big Boss Smiles as Fund Confirms Strong Financial Position  <\/strong><\/p>

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All Inspire Development Public Company Limited (ALL) welcomes good news at the beginning of the year with the confidence from a Singapore fund regarding the company's strong financial status. This comes after signing a preliminary agreement with the foreign fund Advance Opportunities Fund<\/span> for a total of 1 billion baht in convertible bonds at an interest rate of 2% per annum. The bonds have a maturity of 3 years, are unsecured, and there are no penalties for early redemption of the convertible bonds. This funding aims to support business expansion and prepare for significant growth opportunities, whether through mergers or acquisitions, enhancing the company's competitive capabilities and business development, as well as supporting ongoing real estate projects.<\/p>

The company reported its performance for the first 9 months of 2020 compared to the previous year, 2019, as follows:<\/p>

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From the table above, it can be seen that the company has improved its performance with an increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first 9 months of 2020 at 29.70%, compared to 25.53% in 2019. However, due to a high interest burden of 8.98% in the first 9 months of 2020 compared to 2.08% in 2019, the company seeks access to low-interest funding at 2% per annum from the foreign fund to reduce interest expenses, which will likely improve the company's future profits.<\/p>

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Mr. Thanakorn Thanawirith, CEO and Director of the company, expressed his vision that "there is always an opportunity in every crisis." If the company receives financial support from the foreign fund this time, it will boost confidence among the company, its team, and shareholders who see opportunities in the COVID-19 crisis, particularly with many prime real estate locations being offered at unprecedented prices. Once the COVID-19 situation is over, such properties will not be available at those prices again. If the company has good financial liquidity and substantial funding from foreign funds, it will enable the company to profit during this COVID-19 crisis, which will also benefit its shareholders.<\/p>

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Based on the performance in the first 9 months of 2020, the company's board has also considered increasing the company's capital base by proposing an interim dividend payment to shareholders at a rate of 0.15 baht per share. This includes (1) a stock dividend at a rate of 10 existing shares for every 1 new common share, which will increase the company's capital from 560 million shares to 616 million baht, and (2) a cash dividend of 0.05 baht per share, which serves as a return to shareholders in line with the company's objective to become an attractive dividend stock for value investors.<\/p>