“Bless Asset Group” prepares to organize a road show before entering the mai market.

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Mr. Apichart Saengchan, Director of Investment Banking Department Trinity Securities Company Limited, as a financial advisor to Bless Asset Group Public Company Limited (BLESS), revealed that BLESS will offer an initial public offering (IPO) of 200 million shares. Par value (par) 0.50 baht per share, equivalent to 25% of the total issued and paid-up ordinary shares after this offering and is in the process of preparing to be listed on the Market for Alternative Investment (mai) this year

by preparing to organize a road show to present information through the online system On Friday, June 24, 20, which will allow investors to see the potential of the company’s business as a real estate operator with diversified projects. Both condominiums, townhomes, twin houses, single detached houses are located in potential locations. Distributed in Bangkok and its vicinities, able to meet all customer needs in the New Normal era

In addition, the management team has more than 20 years of experience in real estate development business, giving them a good understanding of the business. and reach the needs of customers very well and from the strong growth performance in the past I’m sure investors will give me an enthusiastic response.

While the past performance from year 62-64 has a total revenue of 558.27 million baht, 895.48 million baht and 798.04 million baht, respectively, with a net profit of 82.65 million baht, 114.54 million baht and 80.07 million baht, respectively.

Mr. Chaiwat Kowit Chindachai Chief Executive Officer BLESS said the company plans to use the proceeds from this fundraising. to be used as investments in the purchase of land and the development of real estate projects to expand the business of the Company and its subsidiaries ready to repay the loan and to use as working capital Support the growth plan for the next 3 years, which aims to grow revenue of at least 20% per year.

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“This fundraising and listing on the mai stock exchange will greatly increase the growth opportunity for BLESS’s business, strengthening its financial position. It has a low financial cost compared to other off-market competitors,” said Mr. Chaiwat.

The company focuses on developing projects in Bangkok and its vicinity. As of 31 Dec. 20, the company has 6 closed projects, 8 projects in progress and 1 project in the future.

For another important feature that makes BLESS interesting. which was able to maintain the gross margin level at more than 30% in the past Since it has a subsidiary that operates construction business, namely Bless Build Company Limited (BB), the Company can effectively control quality, standards, construction costs and adjust internal management.


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