Angpao gearing up Shares to resume trading on 9/9/2011
โพสต์แล้ว: อาทิตย์ ก.ย. 04, 2011 9:04 am
Angpao gearing up
Shares to resume trading next week
Published: 2/09/2011 at 12:00 AM
Newspaper section: Business
Angpao Assets Plc, owned by former major shareholders of the property developer Nusasiri Group, will launch two new projects worth a combined 3 billion baht in the fourth quarter and will resume trading on the Stock Exchange of Thailand next Friday.
CEO Visanu Thepcharoen said the company's shares would trade under the symbol PAO. Angpao acquired the suspended listed company Thai Durable Group Plc (TDT) in 2009 under a back-door listing. Its financial adviser was Finansia Syrus Securities.
''It's a good time to be back trading as overall property market sentiment is on an upward trend, supported by the new government's policies,'' said Mr Visanu, the former CEO of Nusasiri Group.
As of Aug 26, the company was owned 23.73% by Mr Visanu, 21.64% by his wife Siriya, 9.66% by his brother Siva, 0.54% by Nusasiri Group and KMP Property and 44.46% by other shareholders. The company received financial assistance of 100 million baht from Nusasiri Group this year.
Angpao Asset currently has seven property developments on hand, acquired from Nusasiri Group. The total includes single-house projects at four sites including Nusasiri Sathorn-Wong Waen, Nusasiri Sathorn-Pin Klao, Nusasiri Rama II and Krissana Rama V. It has land bank plots of around 200 rai in Rama II area for single housing developments that would be worth up to 4 billion baht.
It also has two condominiums for sale including Parc Exo on a 20-rai site on Kaset-Nawamin Road, comprising six eight-storey buildings with 1,296 units worth a combined 2 billion baht and 40% sold. The other is Up Ekamai on a 2-rai site with 260 units worth 1.2 billion baht and 50% sold.
Another business involves retail space for rent and sale at three sites including Bangkok Mediplex Center on Sukhumvit 42 with 50 units totalling 4,800 square metres and an occupancy rate of 90%. The other two projects will be Nuza Avenue at Nusasiri Rama II with 4,396 sq m or rental space, and Sport Mall at Parc Exo with 4,498 sq m. Both will be completed in the third quarter of 2012.
The company expects to record 1.6 billion baht in sales and one billion baht in revenue this year, up from revenue of 633 million baht last year with a net profit of 87 million baht. In the first half, it recorded 284 million baht in revenue with a net profit of 14.88 million baht.
The current sales backlog totals about 1.25 billion baht, of which 300 million would be recognised in the second half of this year. The company's accumulated loss as of the end of June 2011 was 234 million baht.http://www.bangkokpost.com/business/eco ... gearing-up
Shares to resume trading next week
Published: 2/09/2011 at 12:00 AM
Newspaper section: Business
Angpao Assets Plc, owned by former major shareholders of the property developer Nusasiri Group, will launch two new projects worth a combined 3 billion baht in the fourth quarter and will resume trading on the Stock Exchange of Thailand next Friday.
CEO Visanu Thepcharoen said the company's shares would trade under the symbol PAO. Angpao acquired the suspended listed company Thai Durable Group Plc (TDT) in 2009 under a back-door listing. Its financial adviser was Finansia Syrus Securities.
''It's a good time to be back trading as overall property market sentiment is on an upward trend, supported by the new government's policies,'' said Mr Visanu, the former CEO of Nusasiri Group.
As of Aug 26, the company was owned 23.73% by Mr Visanu, 21.64% by his wife Siriya, 9.66% by his brother Siva, 0.54% by Nusasiri Group and KMP Property and 44.46% by other shareholders. The company received financial assistance of 100 million baht from Nusasiri Group this year.
Angpao Asset currently has seven property developments on hand, acquired from Nusasiri Group. The total includes single-house projects at four sites including Nusasiri Sathorn-Wong Waen, Nusasiri Sathorn-Pin Klao, Nusasiri Rama II and Krissana Rama V. It has land bank plots of around 200 rai in Rama II area for single housing developments that would be worth up to 4 billion baht.
It also has two condominiums for sale including Parc Exo on a 20-rai site on Kaset-Nawamin Road, comprising six eight-storey buildings with 1,296 units worth a combined 2 billion baht and 40% sold. The other is Up Ekamai on a 2-rai site with 260 units worth 1.2 billion baht and 50% sold.
Another business involves retail space for rent and sale at three sites including Bangkok Mediplex Center on Sukhumvit 42 with 50 units totalling 4,800 square metres and an occupancy rate of 90%. The other two projects will be Nuza Avenue at Nusasiri Rama II with 4,396 sq m or rental space, and Sport Mall at Parc Exo with 4,498 sq m. Both will be completed in the third quarter of 2012.
The company expects to record 1.6 billion baht in sales and one billion baht in revenue this year, up from revenue of 633 million baht last year with a net profit of 87 million baht. In the first half, it recorded 284 million baht in revenue with a net profit of 14.88 million baht.
The current sales backlog totals about 1.25 billion baht, of which 300 million would be recognised in the second half of this year. The company's accumulated loss as of the end of June 2011 was 234 million baht.http://www.bangkokpost.com/business/eco ... gearing-up