Abstract
The Stock Exchange of Thailand (SET) will list Ornsirin Holding pcl, a real estate developer in Chiang Mai province, on October 30 with a market capitalization of THB 2.24 billion. ORN aims to become a real estate leader in the northern region of Thailand.
SET to List Real Estate Developer Ornsirin Holding pcl
The Stock Exchange of Thailand (SET) will list Ornsirin Holding pcl, a real estate developer in Chiang Mai province, on October 30. The company has more than 17 years of experience and a market capitalization of THB 2.24 billion (approx. USD 62.0 million) at its initial public offering (IPO).
About Ornsirin Holding pcl
ORN is a holding company engaged in real estate development in Chiang Mai province. It develops both horizontal and vertical real estate projects, catering to the preferences of both Thai and foreign customers. ORN has 18 real estate projects available for sale, with a total remaining value of THB 2.24 billion, and nine future projects worth THB 5.16 billion. The IPO raised THB 605.69 million, offering the newly issued shares at THB 1.49 each. The funds will be used to acquire land and expand the company’s real estate development business.
