Mr. Woradet Rukkhapan Chief Executive Officer V Beyond Development Public Company Limited or VBEYOND Revealed that the company has filed a registration statement and draft prospectus (filing) with the Securities and Exchange Commission (SEC) for the initial public offering of ordinary shares.
The total number of IPO shares offered to investors this time is 230 million shares, or 27.71% of the total number of shares. The par value (par) is 0.50 baht and is expected to be listed on the Stock Exchange of Thailand (SET) with Pie Advisory Co., Ltd. as a financial advisor.
The funding will be used to support the growth of VBEYOND, increase credibility and enhance competitiveness. The company The objective is to use the proceeds from the fundraising as working capital for business expansion. Use new technology developments for online services. and operating system etc.
VBEYOND operates as an agent and broker in real estate trading. The company provides services to real estate customers. and a group of customers who are related to a complete range (One Stop Service), covering services from upstream to downstream of the real estate business, such as providing real estate brokerage services. procurement of design contractors interior and exterior Residential construction or low-rise and high-rise projects, etc.
In addition, the company also provides real estate rental services to those who are interested. Including the recognition of new business income such as innovative second-hand houses that stand out with the concept of “Smart home” with energy-saving and environmentally friendly innovations. at a price that everyone can access
VBEYOND has a vision to strive to meet the needs and reach consumer behavior in the modern real estate business and various services. by changing from difficult to easy And has a goal to grow into a Property Technology Company (Prop Tech), a model that brings together a variety of real estate products in one platform that meets all real estate needs, including buying, selling, renting, repairing, building, decorating and investing, along with presenting products and services that meet the needs of consumers with an intelligent identity search system in order to extend the business to grow
side Mr. Sumritchai Tangharat as a financial advisor to the Company Pie Advisory Co., Ltd. discussed the overall performance of VBEYOND in the past 3 years (2020 – 2022), the company had total revenues of 85.13 million baht, 285.42 million baht and 223.61 million baht respectively and in the first quarter of 2023, the company has a total income of 104.46 million baht
The net profit was 8.00 million baht, 38.50 million baht, and 82.96 million baht, representing a net profit margin of 9.40%, 13.49%, and 37.10%, respectively. Throughout the 3 years, the company’s net profit increased. As a result of the growth of brokerage business together with the cost management that provides higher profitability efficiency and in the first quarter of 2023, the company has a net profit of 26.42 million baht, net profit margin of 20.29%, which is an increase of 6.13 million baht from the same period last year or an increase of 100%. 30.21 per cent as a result of the growth of broker group income and income from the sale of real estate
2023-06-02 02:57:35
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