The River to Launch Later In The Year
Raimon Land Public Company Limited (RAIMON) was listed on the Stock Exchange of Thailand (SET) in 1994 and subsequently focussed on developing middle income residential housing in the suburbs of Bangkok.
Unfortunately, like many other Thai companies, Raimon Land was severely affected by the difficulties which engulfed the domestic economy from 1997 onwards as a result of the floating of the Thai baht from the previous currency peg system and the subsequent Thai/Asian financial crisis.
As a result Raimon Land entered a period of major restructuring in close collaboration with its major financial creditors to ensure its survival and was successful in implementing a comprehensive financial and operational rehabilitation plan which saw the resumption of active trading in its stock on the SET in June 2002 and the subsequent successful raising of additional capital later in the year.
Raimon Land has combined a diverse group of core shareholders and directors providing a valuable blend of property, investment, fund raising, finance and re-structuring skills with an experienced executive management team to resume its position as one of Thailand's leading property development companies. The company's single largest shareholder is currently Seamico Securities Public Company Limited (Seamico) which is Thailand's third largest stockbroker, by daily average volume, as well as being a market-leading investment banker. It acts as financial advisor to the company which benefits not only from Seamico's wide-ranging expertise and business connections but also from synergies arising from its solid client base.
The revitalised Raimon Land with new major shareholders, a widely respected and well balanced Board of Directors and a strong experienced management team is now set to face the challenges and opportunities of the future with a clear vision of its corporate mission, objectives and values.
Unfortunately, like many other Thai companies, Raimon Land was severely affected by the difficulties which engulfed the domestic economy from 1997 onwards as a result of the floating of the Thai baht from the previous currency peg system and the subsequent Thai/Asian financial crisis.
As a result Raimon Land entered a period of major restructuring in close collaboration with its major financial creditors to ensure its survival and was successful in implementing a comprehensive financial and operational rehabilitation plan which saw the resumption of active trading in its stock on the SET in June 2002 and the subsequent successful raising of additional capital later in the year.
Raimon Land has combined a diverse group of core shareholders and directors providing a valuable blend of property, investment, fund raising, finance and re-structuring skills with an experienced executive management team to resume its position as one of Thailand's leading property development companies. The company's single largest shareholder is currently Seamico Securities Public Company Limited (Seamico) which is Thailand's third largest stockbroker, by daily average volume, as well as being a market-leading investment banker. It acts as financial advisor to the company which benefits not only from Seamico's wide-ranging expertise and business connections but also from synergies arising from its solid client base.
The revitalised Raimon Land with new major shareholders, a widely respected and well balanced Board of Directors and a strong experienced management team is now set to face the challenges and opportunities of the future with a clear vision of its corporate mission, objectives and values.
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