The SEC has initiated the filing process for <\/span> Orn Sirin Holding Public Company Limited (ORN)<\/span>, a property developer specializing in horizontal and vertical projects in prime locations in Chiang Mai, <\/span>preparing to sell 406.5 million IPO shares to enter the Stock Exchange of Thailand (SET). <\/span>In collaboration with <\/span>APM Financial Advisors, the company will conduct a roadshow to present business information, financial data, and future operational plans to funds and institutional investors in Singapore and Hong Kong from August 23-25, 2023, along with meetings with retail investors in 15 provinces across the country from September 6 to October 9, 2023, confident in its strong fundamentals and positive investor response.<\/span><\/span><\/strong><\/span><\/p>

<\/p>

Dr. Somphop Sakpanpanom, Chairman of Asset Pro Management Co., Ltd. or <\/span><\/span><\/strong>APM<\/span><\/strong> as the financial advisor for Orn Sirin Holding Public Company Limited (ORN), stated that the Securities and Exchange Commission (SEC) has officially started the filing process for the initial public offering (IPO) of ORN on August 23, 2023.<\/span><\/span><\/p>

“The company will proceed with the information presentation (roadshow) to foreign institutional investors, including those from Singapore and the Hong Kong Special Administrative Region, from August 23-25, 2023. We expect strong interest from foreign funds as <\/span>ORN has over 17 years of experience and expertise in developing horizontal and vertical real estate projects in Chiang Mai and has solid growth potential,” Dr. Somphop said.<\/span><\/span><\/span><\/p>

<\/p>

Mr. Somsak Sirichainarimit, CEO of Asset Pro Management Co., Ltd. or APM,<\/span><\/strong> as the financial advisor for Orn Sirin Holding Public Company Limited (ORN), revealed that currently, Orn Sirin or ORN has a registered capital of 1.5 billion baht, divided into 1.5 billion shares with a par value of 1 baht per share, and has paid-up capital of 1.0935 billion baht. The company will offer 406.5 million IPO shares, representing 27.10% of the paid-up capital after the IPO, and will list all common shares on the Stock Exchange of Thailand (SET).<\/span><\/p>

Following this, the company plans to present its business information to instill confidence among various investor groups and interested parties, conducting roadshows in 15 provinces across the country from September to October 2023, including presenting detailed securities information to analysts and marketing officials at leading securities firms, with the expectation of listing on the Stock Exchange of Thailand (SET) in the real estate development sector within this year.<\/span><\/p>

<\/p>

Mr. Pridikorn Buranupakorn, CEO of Orn Sirin Holding Public Company Limited (ORN),<\/span><\/strong> stated that the listing on the Stock Exchange of Thailand (SET) is a significant step in strengthening the company's business and enhancing its financial capacity to support the development of new projects in the future.<\/span><\/p>

<\/p>

\<\/p>

<\/p>

<\/p>

<\/p>

Currently, ORN operates as a holding company with its main business in developing horizontal and vertical real estate projects for sale in prime locations in Chiang Mai. As of March 31, 2023, the company has a total of 18 projects under development and for sale, with brands including THE ESCAPE, HABITAT, BELIVE, ORNSIRIN, ORNSIRIN VILLE, URBAN MYX, THE ASTRA, ARISE, and THE NEXT, with a total project sales value of approximately 15.533 billion baht and a remaining sales value of approximately 2.329 billion baht, consisting of completed or under-construction residential properties that are already on sale, divided into a remaining sales value of approximately 712 million baht for horizontal projects and approximately 1.617 billion baht for vertical projects, as well as land awaiting development or under construction that has not yet been put on sale, totaling approximately 3.850 billion baht.<\/span><\/p>

The company remains focused on continuous growth, preparing plans to expand projects in quality locations, emphasizing the development of residential properties through functional design and innovative living solutions to enhance the quality of life for residents in every project, catering to the needs of the upper-middle-class customer segment, and aiming to become a strong regional real estate developer.<\/p>