WHA Corporation Public Company Limited, or WHA Group, (SET: WHA) continues its top-form performance following three consecutive years of record-high normalized net profit. Most recently, WHA Group received an exceptional response from institutional investors with over 2 times over subscription for its bond issuance No. 1/2025, amounting 4,000 million Baht 3-year term and the interest rate at 2.69%. Institutional Investors’ interest exceeded the target by more than twice, emphasizing the success of the company’s commitment to leadership across its five business hubs: Logistics, Industrial Estates, Utilities and Power, Digital Solutions, and Mobility. This strong response also reflects investor solid confidence in the company, its robust financial position, and its clear, continuous, and sustainable business expansion plans.
Ms. Jareeporn Jarukornsakul, Chairman of the Executive Committee and Group CEO of WHA Group, announced the business direction and goals for 2025, focusing on strong growth across the five business hubs. The company’s core strategy aims to expand its leadership in logistics business development, comprehensive green logistics solutions, industrial estates, utilities and power, and digital solutions by promoting comprehensive innovation and technology, advancing toward becoming a Tech-Driven Organization. Additionally, the company is leveraging its organizational potential to create growth in the ASEAN region and moving forward to become a High-Performance Organization in all dimensions, in line with its mission “WHA: We Shape the Future.”
Ms. Jareeporn Jarukornsakul, Chairman of the Executive Committee and Group CEO of WHA Corporation Public Company Limited, or WHA Group, revealed that institutional investors responded exceptionally well with subscriptions exceeding the target by over two times for the company’s bond issuance No. 1/2025, with a total value of 4,000 million Baht. The offering was during March 25-26, 2025, through UOB Bank as a bond underwriter. The offered bond is 3-year zero-coupon bond with the coupon rate at 2.69% per annum. The company is committed to creating sustainable growth while caring for the environment, society, and the country as a whole. The proceeds from this bond issuance will be used to repay existing debt and/or as working capital/investment/capital expenditure to support the company’s operations.
Besides, Tris Rating Co. has assigned WHA Group’s bond No. 1/2025 an “A-” rating with “Stable” outlook on 4 March 2025. This rating reflects the strong competitive position and proven track record in built-to-suit warehouses/ factories and industrial estate development. The ratings also incorporate the sizable base of recurring income from rental properties, utilities services and power business, as well as management fee and dividends from Real Estate Investment Trusts (REITs).
Ms. Jareeporn Jarukornsakul further stated that the normalized net profit in 2024 broke a New Record High, which reinforces the success of the company’s commitment to be a leader in 5 business hubs: Logistics,, Industrial Estates, Utilities and Power, Digital Solutions, and Mobility business. The company has set its 2025 strategy to build upon its “We Shape the Future” mission, strengthening all 5 business hubs to be comprehensively robust.
Finally, WHA Group remains committed to create business growth and maximizie benefits for shareholders, customers, partners, and all stakeholders, in line with its mission “WHA: WE SHAPE THE FUTURE,” which is part of building a secure and sustainable future for people, society, and Thailand. The company expresses gratitude to all institutional investors for their support and positive response to WHA Group’s bond offering.
