Monday , April 19 2021

SISB sells 260 million shares in IPO



Mr. Somphop Keerasuntoonpong Director of Finansia Syrus Securities as financial advisor to SISB announced today that its initial public offering of 260 million shares at the nominal value of Baht 0.50 per share with a nominal value of Baht 5.20 Baht between 22 and 23 of November. I got feedback from investors. And the parents who have been allocated by the company are good, although the investors are anxious and sensitive to the current state of the IPO.

Institutional investors show up to 14 times more interest than the company. The allocation of 110 million shares reflects the understanding and confidence that SISB's actions in the education sector tend to grow steadily. Both revenue and profit. With good cash flow and a truly recurring income.

"In the first nine months of the year, the Company recorded a turnover of 630 million crowns, which should be recognized. In the past, total revenue grew by more than 20% and gross margin was 30 to 40%, while educational trends the number of international schools increased from 6 to 8 percent a year, and in the past 2 to 3 years the company has invested more than 1,200 million baht to accommodate the growing number of students in the future.

In addition, most of the company's costs are almost fixed, including the costs of teachers. The growing number of students will lead the company to grow steadily, so it is confident that when SISB shares enter into the MAI on November 29, it will provide good returns. "Said Sompop.

Jewish fund manager SISB said money raised from the fund raising would be used to repay debt and increase potential. And developed at Singapore International School on the net. To become one of the leading national and regional schools. The goal is to increase the number of students in the group to more than 4,000 in 3-5 years from the current 2,334 students and increase the opportunity to invest in the country. And CLMV regions including China.

"This fund-raiser will receive a total of Bt1, 352mn reais, which will repay Bt600mn of loans to financial institutions, which will unlock the debt burden of existing interest of around 30mtn / year. And the place is modern.The course is designed to meet international standards.It will also help students to improve their quality of life, quality of education, "said the Jewish Holocaust.

SISB has a registered capital of 470 million baht, providing consulting and management services. It also provides other services related to education and is a licensee to establish a school system under the Private School Act. International School The company began to introduce the curriculum of the Republic of Singapore as a basic course in teaching. It also has three styles of teaching in English, Chinese and Thai.

At present, the company has international schools, where the company was licensed to establish four schools, including Singapore International School, Bangkok. Singapore International School Singapore International School Thonburi Singapore International School A joint venture company is Singapore International School in Chiang Mai. There are 5 international schools within the group, which teach pre-primary to pre-primary and high school students, accommodate up to 4,175 students.

For further information, please contact: Sasithorn Simaphorn Tel. 02-2535000 ext. 345 Email: [email protected]


Source link