Sansiri is considering going on a roadshow to sell its new shares before Chinese New Year after the company’s Siri-W1 warrants start trading on the Stock Exchange of Thailand tomorrow.
“If our warrant’s price rises following demand in the market, we believe that our shares also will get positive feedback from investors,” president Srettha Thavisin said yesterday.
The residential developer believes that its new share sale will be successful before the first quarter of this year when its shares are selling higher than its target price of Bt4.28 per share.
Sansiri’s stock closed yesterday at Bt4.48, up Bt0.12 from Friday.
The company’s warrants also received a warm welcome from the market.
About 737 million warrants were issued. The warrants can be exercised at Bt5.20 per share starting two years after the issue date of January 20.
The term of the warrants is five years.