ONEO (a subsidiary of Origin Group), a leading real estate company, has announced its intention to enter the stock exchange through an initial public offering (IPO). The main purpose of the IPO is to raise funds for project development, business expansion and loan repayment. ONEO's diverse business portfolio includes hotel, retail, office space, as well as catering and beverage facilities serving a broad customer base, including popular tourist destinations in Thailand and industrial zones in the Eastern Economic Corridor (EEC). Siamese Commercial Bank (SCB) has been appointed as a financial adviser to the company, the necessary applications for the issue of securities have been submitted. The IPO will offer shares to the general public, as well as to the directors, executives and employees of ONEO and its subsidiaries. ONEO strives to succeed in the development of real estate and the provision of services, while giving priority to the well-being of employees, the development of partnerships and the demonstration of social responsibility.
It was revealed that as of May 31, 2023, ONEO has four main business groups:
- Hotel and service business. Includes hotels and apartments with separate service. A total of 7 facilities are in operation, 1,579 facilities are under development, 12 projects are awaiting commissioning.
- Business group of retail space and office buildings. There is one object of retail space in operation, the total area for rent is 2,053 m2, four projects are under development. In addition, two office buildings with a total rental area of 59,869 m2 are expected to be commissioned.
- Five food and beverage business groups.
- Other businesses, including the provision of project management services in the ONEO business group of 12 companies.
ONEO has a client base in various fields. The main tourist destinations in Thailand, such as Bangkok, Phuket, Krabi, Hua Hin and in areas near industrial zones in the EEC zone with relatively high rates of economic growth.
ONEO strives to become a leader in the field of real estate development in order to meet all the needs of customers, ensure sustainable profit growth for investors, taking care of employees, partners and showing social responsibility.