Post by account_disabled on Jan 6, 2024 7:00:55 GMT
From left, Mr. Santhit Wattanakul, Executive Vice President, Mrs. Thongurai Limpiti, Chairman of the Board, Mr. Somporn Munsrikaew BAM reiterates its confidence in the long-term potential of the organization as Thailand's largest asset management company* that is committed to solving the country's non-performing loans (NPLs) and foreclosed properties (NPAs) and points out the strengths of its management business. Assets that can create business opportunities in every economic situation. Move forward with 3 main strategies. Drive stable and continuous growth In August 2019, the Company filed a securities offering registration statement and draft prospectus with the Securities and Exchange Commission (SEC) to offer common shares to the general public for the first time. first (IPO) and listed the shares on the Stock Exchange of Thailand ("Stock Exchange"). The shares offered for sale include: New ordinary shares in the amount of not more than 280 million shares, existing common shares in the amount of not more than 1,255 million shares and may be allocated excess shares (greenshoe) of not more than 230 million shares, totaling not more than 1,765 million shares, accounting for 54.4 percent of the number.
All issued and paid-up shares of the Company After this stock offering (In the case of exercising the right to purchase the entire amount of additional common shares from the company) The money from fundraising will be used to expand the business by purchasing distressed assets and properties Telegram Number Data awaiting sale in the future. Repay loans from financial institutions and/or repayment of bonds issued by the Company and/or bills that are due and used as revolving capital, Mrs. Thongurai Limpiti, Chairman of the Asset Management Company Bangkok Commercial Public Company Limited said of its confidence in the fundraising plan, “BAM believes in its potential. and strengths of the company which is the country's largest asset management company Has more than 20 years of experience and has a variety of funding sources. Strong operating results. Over the past 3 years, the company has had a continuous net profit of more than 4,500 million baht per year, with assets growing at an average of 7 percent per year.
It has the largest nationwide network, totaling 26 locations, and has a highly experienced team. And the important factor is The asset management business has opportunities in every economic situation. That is, during economic slowdowns, the company can purchase distressed assets at an appropriate cost. During strong economic conditions The Company's debtors Has the potential to repay debt and the company's customers Have the ability to purchase properties awaiting sale It creates income for the company." "Being listed on the stock exchange It will increase operational flexibility, allowing the company to raise funds and increase channels to access a wider variety of financial instruments. BAM will be able to act as an important mechanism for resolving the problem of non-performing assets in the financial institution system. It is more efficient," Mrs. Thongurai said. *Source: Industry report prepared by Ipsos Company Limited.
All issued and paid-up shares of the Company After this stock offering (In the case of exercising the right to purchase the entire amount of additional common shares from the company) The money from fundraising will be used to expand the business by purchasing distressed assets and properties Telegram Number Data awaiting sale in the future. Repay loans from financial institutions and/or repayment of bonds issued by the Company and/or bills that are due and used as revolving capital, Mrs. Thongurai Limpiti, Chairman of the Asset Management Company Bangkok Commercial Public Company Limited said of its confidence in the fundraising plan, “BAM believes in its potential. and strengths of the company which is the country's largest asset management company Has more than 20 years of experience and has a variety of funding sources. Strong operating results. Over the past 3 years, the company has had a continuous net profit of more than 4,500 million baht per year, with assets growing at an average of 7 percent per year.
It has the largest nationwide network, totaling 26 locations, and has a highly experienced team. And the important factor is The asset management business has opportunities in every economic situation. That is, during economic slowdowns, the company can purchase distressed assets at an appropriate cost. During strong economic conditions The Company's debtors Has the potential to repay debt and the company's customers Have the ability to purchase properties awaiting sale It creates income for the company." "Being listed on the stock exchange It will increase operational flexibility, allowing the company to raise funds and increase channels to access a wider variety of financial instruments. BAM will be able to act as an important mechanism for resolving the problem of non-performing assets in the financial institution system. It is more efficient," Mrs. Thongurai said. *Source: Industry report prepared by Ipsos Company Limited.