Project Planning Service Public Company Limited (PPS), one of the leading engineering professional services firms in Thailand, together with the boards, has announced the a debenture offering of no more than 600 million baht per transaction with 10 years maturity on July 24th, 2019.
The fund will be used for the company’s operations, future investment and to pay back corporate debts.
The PPS’s board has also authorized a capital reduction on its common share of around 4.14 million shares at a par value of 0.25 baht per share.
Meanwhile, the boards has approved the increase in capital from 214.96 million baht to 279.45 million baht via general mandate for rights offering at Number more than 171.97 million shares. Another offering is for private placement of no more than 85.98 million shares. These accounts for 20% and 10% of the total paid up capital respectively.
PPS’s Chief Executive Officer, Dr. Phongthon Tharachai, has revealed the company’s plans to increase its revenue channels based on the current Investment Platform to venture into real-estate and construction businesses including Ensemble Equity Pte., Ltd. and the Profin Group.
The highlight projects involve Project One which is a specific purpose vehicle on real estate development projects under PPS’s management via its support projects and technical services.
These projects specifically include the land development plan in Phuket to support a large real-estate project and various related facilities for interested investors.
The PPS boards of management is currently studying the feasibility of the program with its partners who have expertise in real-estate development. The board is confidence that they will be able to select projects that would attract investors in order to increase PPS’s revenues via its 5 years leapfrogging growth strategy.
