Company History

The company was registered as a Company limited, established since the year 2009 with initial registered capital of 10.0 million by the Jaroon-Ek’s (Mr. Peerapong Jaroon-Ek and Mrs. Arada Jaroon-Ek).

The company develops condominiums along new lines of Bangkok’s mass transit system. The Jaroon-Ek’s (Mr. Peerapong Jaroon-Ek and Mrs. Arada Jaroon-Ek) has knowledge and experience in the real estate business for over 10 years, starting out from a small serviced apartment business. Then in the year of 2009 the Jaroon-Ek’s foresaw business opportunities in another real estate development, therefore founded Origin Property and began developing the first condominium project called “Sense of London” condominium at Sukhumvit 109. An eight-storey-high condominium with 162 units, which had an approximate value of 198 million baht.

Since the first project drew a lot of attention and gained extremely high and positive responses. The company has continuously developed condominiums ever, and been expanding loyalty customer database. Therefore the customers recognise Origin Property as one of Thailand’s leading condominium developers with amazing unique designs.

Key milestone

2009

The Company was established by the Jaroon-ek family (Mr. Peerapong Jaroon-ek and Mrs. Arada Jaroon-ek), with an initial registered capital of 10,000,000 Baht with the objective of property development.

2009

2010

In 2010, the Company officially launched its first project called "Sense of London, Sukhumvit 109", an 8 story condominium project containing 162 units. The value of the project was 198,700,000 Baht.

October 21, 2010 : The Company increased its registered capital from 20,000,000 Baht to 30,000,000 Baht in order to invest in property development projects.

May 24, 2010 : The Company increased its registered capital from 10,000,000 Baht to 20,000,000 Baht in order to invest in property development projects.

2010

2011

Condo Agency and Management Company Limited (Condo Agency) [In 2016, the company changed its name to Primo Property Solution Company Limited (Primo)] was established by the Jaroon-ek family on June 24,2011 with a registered capital of 1,000,000 Baht in order to start a business providing services relating to real estate, condominium tenant services and condominium management services for the Company's Project.

October 31, 2011 : The Company's registered capital increased from Baht 40,000,000 to Baht 50,000,000 in order to invest in property development projects.

February 24, 2011 : The Company increased its registered capital from 30,000,000 Baht to 40,000,000 Baht in order to invest in property development projects.

In 2011, the Company officially launched a new project worth 300,000,000 Baht.

Origin One Company Limited was established by the Jaroon-ek family on September 21, 2011 with a registered capital of 1,000,000 Baht in order to invest in a type of condominium development called "B Loft Sukhumvit 109 Project".

2011

2012

Origin One Company Limited increased its registered capital from 1,000,000 Baht to 10,000,000 Baht on November 1, 2012 in order to invest in property development projects. Origin One Company Limited increased its registered capital from 10,000,000 Baht to 40,000,000 Baht on December 20, 2012.

The Company adjusted the shareholder structure in order to prepare for a company listing on the Stock Exchange of Thailand. The Company purchased all of the shares from Origin One Company Limited which was owned by the Jaroon-ek family and other shareholders. The Company presently owns 3,999,998 shares at a par value of 10 Baht per share from Origin One Company which was equivalent to 100% of Origin One Company's registered capital.

July 16, 2012 : The Company's registered capital increased from 50,000,000 to 200,000,000 Baht in order to invest in property development.

In 2012, the Company officially launched 2 new projects worth 1,167,200,000 Baht.

2012

2013

In 2013, the Company officially launched 5 projects worth 2,880,900,000 Baht.

The Company adjusted its corporate shareholder structure to prepare the Company for a listing on the Stock Exchange of Thailand by purchasing all shares from Condo Agency Company which was owned by the Jaroon-ek family and other shareholders. The Company presently holds 99,998 shares of Condo Agency Company at a par value of 10 Baht per share, which is the equivalent of holding 100% of Condo Agency's registered capital.

February 15, 2013 : The Company increased its registered capital from 200,000,000 Baht to 300,000,000 Baht .The company had called-up share capital for 255,000,000 Baht in order to invest in property development projects.

2013

2014

In 2014, the Company officially launched 7 new projects worth 3,835,000,000 Baht.

November 10, 2014 : According to the Extraordinary General Meeting of Shareholders No. 8/2014 held, the meeting made the following resolutions: Register to transform the company to be a Public Limited Company under the name of Origin Property Public Company Limited on November 10, 2014. Change the par value of the shares from 10 Baht per share to 0.5 Baht per share. Increase the company's registered capital in an amount of 76,600,000 Baht from 225,000,000 Baht resulted in the total amount of new registered capital of 301,600,000 Baht. The Company issued 603,200,000 shares of common stock with a par value of 0.5 Baht and issued 150,000,000 additional shares of common stock for the initial public offering. The Company issued another 3,200,000 additional shares of common stock to support the exercising of rights in warrants and to offer warrants to directors, executives and employees of the Company (ESOP Warrant).

August 14, 2014 : According to the Extraordinary General Meeting of Shareholders No. 6/ 2014, held on July 9, 2014, the meeting made a resolution to decrease the registered capital from 300,000,000 Baht to 225,000,000 Baht in order to adjust the capital structure in order to list the Company on the Stock Exchange of Thailand by decreasing the number of shares from 30,000,000 shares to 22,500,000 shares, all shares were valued at 10 Baht per share. The Company called up full amount owed of issued shares. The capital decrease registration was completed.

2014

2015

Tisa Living Company Limited was established by Condo Agency and Management Company Limited on August 6, 2015 with a registered capital of 1,000,000 Baht. The business's objective is to provide services related to real estate business including condominium brokers, condominium tenant services and a focus on foreign clientele especially Japanese clientele. Therefore, Condo Agency and Management Company Limited held a 51% share of the registered capital of Tisa Living, Japanese shareholders owned a 45% share, and another 4% share was held by Company employees, all of which have no conflict of interest with the Company.

September 18, 2015 : The Company appointed Thailand Securities Depository to be their registrar.

October 5, 2015 : The Company registered additional registered transactions accompanied with a memorandum of association and adjusted called-up share capital from 225,000,000 Baht to 300,000,000 Baht (an increase from 450,000,000 shares to 600,000,000 shares).

October 7, 2015 : The Company's first official day of trading on the Stock Exchange of Thailand after the Securities and Exchange Commission certified common stock issued by Origin Property Public Company Limited as listed securities.

In 2015, the Company officially launched 8 new projects worth 6,955,000,000 Baht.

2015

2016

13 January 2016 : Condo Agency and Management Company Limited, the subsidiary which the company hold 99.99% shares, has changed its name to Primo Property Solution Company Limited

28 March 2016 : Tisa Living Company Limited increased its registered capital from 1,000,000 Baht to 2,000,000 Baht. Primo Property Solution Company Limited held 124,000 shares of Tisa Living Company Limited with a par value of 10 Baht per share. This is equivalent to the amount of 62.0% of Primo Realtor's registered capital. Japanese shareholders own 20.0% share, and another 18.0% share is held by Company employees, all of whom have no conflict of interest with the Company.

16 June 2016 : Origin One Company Limited joint ventured with Intercontinental Hotels Group (HG) in order to plan and develop hotel investment projects to be the first hotel project that acknowledged recurring income. The location site is across from Kasetsart University (Sriracha Campus).

23 June 2016 : Origin One Company Limited increased its registered capital from 40,000,000 Baht to 400,000,000 Baht on in order to support investments and development projects acknowledging recurring income such as hotels and serviced apartments in order to create a foundation for increasing stable income in the future. The Company holds 99% shares of Origin One's registered capital.

11 July 2016 : Primo Property Solution Company Limited increased its registered capital from 1,000,000 Baht to 53,500,000 Baht in order to support investments and business development plans and acknowledge recurring income such as office rentals and commercial rental spaces in order to increase stable income in the future. The Company holds 99% shares of Primo Property Solution's registered capital.

5 September 2016 : Tisa Living Company Limited changed its name to Primo Realtor Company Limited.

1 October 2016 : The Company opened condominiums for sale which is the first project located in the heart of the city called KnightsBridge Prime Sathorn, a 43 story high project with 726 units. The value of this project is worth 3,800,000,000 Baht which has been sold out since the first day that it opened for sale.

3 November 2016 : The Company issued its first 3 year fixed debenture worth 1,200,000,000 Baht. The maturity date for capital withdrawal is in 2019.

15 December 2016 : The Company signed a Business Partnership Letter of Intent with ARIVA Hospitality which is a company who has expertise and long standing reputation in residential project management, sales and rental business management in order to manage the KnightsBridge The Ocean Sriracha Project.

In 2016 : The Company registered subsidiary companies to develop real estate development projects for sale, rent and service businesses in order to support the expansion of the Company's subsidiaries which are Origin Condominium Company Limited ("Origin Condo"), Origin Vertical Company Limited ("Vertical"), Origin Vertical Company Limited 2, ("Vertical 2"), Origin Sathorn Company Limited ("Origin Sathorn"), Origin Prime Company Limited ("Prime"), Origin Sphere Company Limited ("Sphere"), Origin House Company Limited ("House"), Primo Campus Company Limited ("Primo Campus"), Primo Management Company Limited (" Primo Management"), Uno Service Company Limited ( "Uno"), and Primo Retail Company Limited ("Primo Retail").

In 2016, the Company officially launched a total of 9 projects worth 11,340,000,000 Baht.

2016

2017

4 April 2017: According to the Annual General Meeting of Shareholders for the year 2017, the Meeting passed a resolution approving the allotment of 13,500,000 new ordinary shares to support the right to exercise warrants which were issued and offered to directors, management and employees of the Company and its subsidiaries (ESOP Warrant: ORI WB).

12 July 2017: According to the Extraordinary General Meeting of the Shareholders No. 1/2017, the Meeting passed a resolution approving the Company's Acquisition of a total of 10,000,000 shares of Proud Residence Company Limited (Proud Residence) with a par value of 100 Baht per share, which accounted for 100 percent of Proud Residence's total shares from the previous shareholders. The total purchase price was 4,000,000,000 Baht which the Company purchased on October 2, 2017.

The Company issued 81,197,171 additional ordinary shares with a par value of 0.50 Baht per share and allotted 81,197,171 ordinary shares for private placement with a par value of 0.50 Baht per share as follows: Allotted 56,838,020 additional ordinary shares with a par value of 0.50 Baht per share to Mrs. Jaraspim Liptapallop at the price of 12.3157 Baht per share which totaled 700,000,002.91 Baht. Allotted 12,179,576 additional ordinary shares with a par value of 0.50 Baht per share to Mr. Thongchai Busarapan at the price of 12.3157 Baht per share which totaled 150,000.004.14 Baht. Allotted 12,179,575 additional ordinary shares with a par value of 0.50 Baht per share to Mrs. Noon Taweesri at the price of 12.3157 Baht per share which totaled 149,999,991.83 Baht.

29 July 2017: The Board of Directors' Meeting No. 8/2017,considered and approved the Company signing a joint venture agreement for a condominium development project with Nomura Real Estate Development Company Limited through 4 companies, namely Origin Prime 2 Company Limited, Origin Ramkamhaeng Company Limited, Origin Sphere Company Limited, and Origin Vertical Company Limited.

1 November 2017: According to the Extraordinary General Meeting of Shareholders No. 2/2017, the Meeting passed a resolution approving the Company's issuance of warrants for the purchase of the Company's ordinary shares for Company shareholders (ORI-W1) No. 1 totaling 406,574,337 units. They were allocated to Company shareholders according to the proportion of their shares or the Warrant Rights Offering at the same allotment ratio (par value of 0.50 Baht per share) 4 shares per 1 unit of warrants.

18 November 2017: The Company launched its first housing project called Britania Srinakarin Project which consisted of 149 units, under Origin House Company Limited. The value of the project is worth approximately 800.0 million Baht.

The Company signed the contract to bring the brand and chain of The Continental Hotel (IHG) under management in order to use the brand name of Staybridge Suites for the first time in Asia

The Company signed a Joint Venture Agreement with Nomura Real Estate Development Company Limited which is a major partner in Origin's in housing development. This agreement was for developing Staybridge Suites, Bangkok Thonglor Hotel project in order to jointly develop projects and services that best meet the needs of the target group.

In the year 2017, the Company registered a subsidiary company to develop real estate projects for sale, rent and service business to support the future growth of the Corporation, namely, Origin Grand Company Limited ("Origin Grand"), Origin Prime 2 Company Limited ("Origin Prime 2") Origin Ramkamphaeng Company Limited ("Origin Ram kamhaeng"), Origin Kaset Society Company Limited ("Kaset Society"), Origin One Sukhumvit 24 Company Limited ("One Sukhumvit 24), Origin One Rayong Company Limited ("One Rayong"), Origin Capital 1 Company Limited ("Capital 1"), Origin Park T1 Company Limited ("Park T1") and Crown Residence Company Limited ("Crown Residence").

In 2017, the Company launched 8 new projects totaling 15,150.0 million Baht.

2017

2018

On January 25, 2018, the Company issued second debentures totaling 2,000.0 million Baht for a period of 2 years and 6 months. The time of debenture redemption is 2020.

On May 11, 2018, the Company issued third debentures totaling 800.0 million Baht for a period of 3 years. The time of debenture redemption is 2021.

According to the Ordinary General Meeting of Shareholders, held on April 26, 2018, the Meeting passed a resolution approving the Company to increase the credit limit for the issuancedebentures for 3,000 million Baht (from 4,000 million baht to 7,000 million Baht).

According to the Ordinary General Meeting of Shareholders, held on April 26, 2018, the Meeting passed a resolution approving the allocation of an additional 8,000,000 ordinary shares tosupport the right to exercise warrants, which was issued and offered for sale to directors, executives and employees of the Company and its subsidiaries (ESOP Warrant: ORI-WC).

Primo Property Solution Company Limited, a subsidiary that the Company holds 99.99% of the shares, changed its name to Primo Service Solution Company Limited on June 7, 2018.

Origin One Company Limited, a subsidiary that the Company holds 99.99% of the shares, changed its name to One Origin Company Limited on August 9, 2018.

The Company issued the fourth debentures totaling 1,238.7 million Baht on October 10, 2018 for a period of 3 years. The time of debenture redemption is 2021.

In 2018, the Company launched 7 new projects, worth 25,500.0 million Baht.

2018

Company History

Key milestone

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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