"V Beyond" Joins Forces with Partners to Advance Tech Business, Developing Cutting-Edge Technology Platform and Showcasing 198% Profit Growth in First Half of 2022
"V Beyond" has unveiled its strategy to transform into a Tech Company, moving forward with negotiations for joint ventures with leading technology firms in Singapore to develop technology platforms, including real estate transactions, tourism, and medical infrastructure, among others. This initiative aims to build on the success of its real estate business, which reported a net profit increase of 198.06% in the first half of 2022 compared to the same period last year. The company has also appointed Pie Securities Public Company Limited as a financial advisor for its initial public offering.
Mr. Woradet Rukpan, CEO of V Beyond Development Co., Ltd., stated that "V Beyond" is currently transforming and expanding its business into a Tech Company with the support of major investors who are investing in the company to strengthen its financial position, strategy, and expand into various technology sectors. The company is in talks with leading tech firms in Singapore to establish international collaborations to develop technology platforms related to real estate (Property tech), tourism, medical infrastructure, and more. It is expected that these collaborations will certainly enhance the existing success of its real estate business, which has shown continuous growth with a net profit increase of 198.06% in the first half of 2022 compared to the same period in 2021, driven by rising revenues from real estate and construction brokerage, which have improved profit margins. In Q2 2022, the company reported a net profit increase of 41.44% compared to the same period in 2021. During a board meeting led by Chairman Mr. Chayen Khamnoon, the board approved the appointment of Pie Securities Public Company Limited as a financial advisor for its initial public offering.
The company's business structure has diversified, and by the end of this year, it plans to launch a new market under the name "Baan Innovation Co., Ltd." This initiative will involve renovating and improving second-hand homes with the concept of "Smart Home," incorporating energy-saving innovations, eco-friendliness, and modern technologies at affordable prices. Additionally, "V Beyond" plans to invest in various high-potential startups and exciting mega projects that are set to emerge in the future to support the growth direction of the business in the new era. The company aims to increase its revenue from technology-related businesses and targets to capture a 5% market share of the first-hand housing market, valued at over 900 billion baht, translating to approximately 40 billion baht in sales.
Furthermore, "V Beyond" will hold a press conference to officially launch its intelligent AI platform, Property Mall, which addresses all real estate needs. The event will take place on Wednesday, September 7, at C asean Rama IV. Stay tuned for this Thai platform that will help connect a new world of real estate transactions!