2 February 2010

Sansiri’s Management becomes major shareholder,
taking control with confidence on capital increase plan

Srettha Thavisin bought SIRI shares from foreign funds, increasing his holding to approximately 24% reflecting his confidence in high growth potential of Sansiri.

Mr. Srettha Thavisin, President of Sansiri Public Company Limited, disclosed that he has completed the first tranche of purchasing 178 million shares at 5 baht each from foreign fund, with expectation to complete the second tranche of purchasing additional 135 million shares within February 2010. The share purchase is funded by his own wealth and financing facilities from financial institutions. Following the share purchase, Mr. Srettha Thavisin will become the major shareholder of Sansiri holding approximately 24%, compared to the previous holding of 2.52%.

Mr. Srettha said “The share purchase deal was done through the agent, and the deal reflects my confidence in high growth potential of Sansiri as evidenced by the continuously improving performance. Additionally, property sector has been constantly expanding as it is the key engine to stimulate the economic growth. In this regard, the management buying-in will also increase confidence among investor community, with business directions and operations remain the same”.

Sansiri Public Company Limited was established in 1984 and has been listed on the Stock Exchange of Thailand since 1996, with continuously improved financial performance. Currently, Sansiri is the first and only fully-integrated real estate developer offering a full range of housing products and services covering every market segment. In this regard, Sansiri is also the first to introduce a complete list of property services, which have become the new business model for several real estate developers.

 

 

Public Relations
Sansiri Public Company Limited