mai President Prapan Charoenprawatt said JSP is a commercial low-rise and residential property developer, covering commercial buildings, community malls, townhomes and condominiums. Currently, the company has three projects under development, consisting of Sampeng 2, Tulip Square and Miami Bang Pu, with total value of THB 15 billion.
JSP has a paid-up resisted capital of THB 2.1 billion, consisting of 3.0 billion existing common shares and 1.2 billion newly issued shares, with a par value of THB 0.50. The new shares were offered to the public via IPO during November 10-12 at THB 2.60 each, for a total of THB 3.12 billion. Capital Nomura Securities pcl and AEC Securities pcl are its financial advisors and lead underwriters.
Tanongsak Manothamraksa, JSP president, said that the fund raised would be used to buy new land for property development projects in both metropolitan and suburban areas. The listing on mai would enhance the company’s financial strength to support project expansion, company growth, as well as to generate sustainable returns for shareholders in the long run.
JSP's three major shareholders after the IPO are Manothamraksa group (40.00 percent), Sawathayanon group (12.86 percent) and UOB Kay Hian Private Limited (10.95 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 18.57 times, calculated by using the company's net profit in the past four quarters (Q4 2013 - Q3 2014) divided by fully diluted shares, representing earnings per share of THB 0.14. JSP's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
Starting from the first trading day of 2015, mai will announce eight industry groups categorizing from their business aspects, and JSP will then be classified into property & construction (PROPCON) industry. For more information on JSP, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.jsp.co.th , as well as www.mai.or.th.
For more information, please visit www.set.or.th .
Members of the media should contact the Public Relations Unit, Corporate Communications Dept.: Arada Kultawanich, tel: +66 (0) 2229 2796/ Kanokwan Khemmalai, tel: +66 (0) 2229 2048.