A new corporate logo was launched in order to further elevate the brand above its competitors.
In April, T.S. Star Company Limited, a holding company wholly-owned by Mr. Srettha Thavisin, President of Sansiri Public Company Limited, completed the purchase of 318,174,400 shares of Sansiri with foreign funds, increasing Mr. Srettha’s holdings of Sansiri’s paid-up capital from 2.52% to 24.11% and making him the largest shareholder.
Sansiri Public Company Limited was the first real estate developer in the market to launch a co-branded credit card with Siam Commercial Bank Public Company Limited and provide special privileges to consumers.
Trendy Plan Investment Limited became the largest shareholder, holding 13.46% of Sansiri’s paid-up capital.
Natural Park PLC (N-PARK), the former largest shareholder (24.9%), sold most of its holdings in Sansiri to a group of Hong Kong investors led by Dr. Allina Salim. Currently, N-PARK holds 4.26% of Sansiri’s paid-up capital. Sansiri was deemed “Asia’s Best Residential Project of the year 2006”, winning the Asia Pacific Commercial Real Estate Award for the flagship single-home project Baan Sansiri Sukhumvit.
Sansiri Public Company Limited purchased 85% of the paid-up capital of Pacific Challenge Holding Co., Ltd. (Pacific)—the owner of the leasehold right of a 4-storey office building with an approximate area of 8,448 square meters. The Bhakdi Building is located in the prime location 2/2 Wireless Road, Lumpini, Pathumwan District, Bangkok.
Sansiri Public Company Limited acquired 100% of the paid-up capital of Papanan Company Limited, with the intention of expanding its business and synergising property development and hospitality.
Sansiri Public Company Limited purchased 49% of Sansiri Venture Co., Ltd (SV) from Univentures Asset Management Co., Ltd., for higher operational flexibility and to accommodate business growth. There are approximately 8,448 square meters of rental space.
Sansiri Public Company Limited sold its wholly-owned subsidiary, Richee Holding Alliance Company Limited, which is the owner of Sofitel Silom Hotel, to L.G.R. (Thailand) Limited—an affiliate of LaSalle Asia Opportunity II SARL. A net transaction of 1.2 billion baht was used to repay loans and accommodate future business expansion.
Baan Sansiri Property Fund (SIRIPF) set up by ING Funds Thailand purchased 25 units of Baan Sansiri Sukhumvit, valued at 850 million baht, with a put option to sell the houses back to Sansiri at purchase price at the end of the fifth year.
Sansiri Public Company Limited completed rights offering with subscription ratio of 3 existing shares to 2 newly issued shares at 5 baht per share. The successful capital increase was valued at 2,946 million baht. The proceeds were used for land acquisition and the development of new projects to support business expansion.
Advance Info Service PLC (AIS) in alliance with Sansiri Public Company Limited provided property information to its subscribers via AIS’s wapsite. This information is available from the ‘Home and I’ section of the AIS wapsite.
Sansiri invested in hotels, apartments, and commercial building for rent in the Central Business District area, through either share acquisition or joint ventures with strategic partners.
Sansiri Public Company Limited successfully launched its first single-detached house project Narasiri-Watcharapol.
Sansiri Public Company Limited was among the first property developers to have completed debt restructuring since the 1997 economic crisis. Sansiri expanded its business, from developing high-rise condominiums in the Central Business District area to single homes in various locations.
Sansiri Public Company Limited and Starwood Thailand Country Fund I, set up by Starwood Thailand Corporation (an affiliate of Starwood Capital Group LLC), won the bid for Asset Tranche No. 12 from the government-run Financial Sector Restructuring Authority (FRA).
Sansiri Public Company Limited expanded its business to property management, asset management, and sales management businesses, through subsidiary Plus Property Limited. The business expansion aimed to provide fully-integrated property services and to add value to properties developed by Sansiri. Sansiri Public Company Limited became the country's first property developer to receive an ISO 9001: 2000 Certificate from BVQI.
Thailand, and other Asian countries, was heavily impacted by the financial crisis, which triggered the country's deepest recession in decades. Sansiri sold off its entire inventory, and moved quickly to settle its debts with creditors.
Sansiri was listed on the Stock Exchange of Thailand, with the first trading day on 19 July, 1996 , and set up the wholly-owned brokerage and property management subsidiary Plus Property Limited.
Sansiri Company Limited converted from a private company to a public company on 22 November 1995, with a 100-million baht increase to the already registered capital of 645.5 million baht via the public offering of 10 million newly issued shares.
Siripinyo Group of the Lamsam family became the major shareholder, holding 50% of San Samran Holding Company Limited, and renamed the company to Sansiri Company Limited.
San Samran Holding Company Limited launched the flagship condominium project, Baan Sansiri, with an investment value of 615 million Baht.
San Samran Holding Company Limited launched its first development, Baan Kai Muk, the flagship resort condominium in Hua Hin, with an investment value of 250 million baht. The successful launch of Baan Kai Muk marked a major milestone of San Samran Holding Company Limited in becoming the country’s leading property developer.
San Samran Holding Company Limited was established by the Chutrakul family on 28 September, 1984, with a registered capital of 1 million baht, to engage in the real estate business.