The Stock Exchange of Thailand will list Peace & Living pcl, a low-rise property developer with more than 30 years of experience, on February 10, under the ticker symbol “PEACE”. The company has a market capitalization at its initial public offering (IPO) of THB 1.67 billion (approx. USD 50.4 million).

SET Senior Executive Vice President Manpong Senanarong said PEACE will list and start trading on SET in the Property & Construction industry group, Property Development sector.

PEACE is a real estate developer focusing on low-rise residential properties for sales, consisting of single-detached houses and townhomes, mainly in Greater Bangkok. Currently, PEACE’ three brands are “Cordiz”, “The Glamor”, and “Cher”, responding to different needs of each target group.

PEACE has seven fully developed property projects recently launched with the total value of THB 4.70 billion, while having three upcoming projects with the combined value of THB 3.0 billion.

PEACE has a registered paid-up capital after IPO of THB 420 million, consisting of 336 million existing common shares and 84 million newly issued shares, with a par value of THB 1 each. The company allocated the newly issued shares to the public on February 2 – 4 and 7 at THB 3.98 each, for a total of THB 334.32 million.

The IPO price was equivalent to the price-to-earnings ratio (P/E ratio) of 8.47 times. The earnings per share is equal to THB 0.47 each, which was calculated from the company’s net profit in the past four quarters, divided by fully diluted shares. Maybank Securities (Thailand) pcl is the financial advisor and lead underwriter.

PEACE Chief Executive Officer Prasopsak Sirisopana said that the listing on SET will help strengthen the company’s capital base and enable PEACE to further expand real estate development business more proactively.

With the low debt-to-equity ratio, the company has a chance to grow. The fund raised will be used to acquire more land for future according to the strategic plan.

The company’s dividend policy is to pay no less than 40 percent of net profit from the company’s separate financial statement after corporate income tax, legal reserves and other reserves. The dividend payment is based on the economic situation, operating profit, and various future investment plans.

Three major shareholders after the IPO are 1) Sirisonapa family group (42.45 percent), 2) Techakraisri family group (4.83 percent), and Chumpol Phornprapha (4.56 percent).

For more information, please see the company’s prospectus at the Securities and
Exchange Commission (SEC)’s website at www.sec.or.th; and for general
information, please visit www.peaceandliving.co.th, or www.set.or.th.