ភាសាខ្មែរ
| Inception Year | 1995 |
|---|---|
| Industry Classification | Condo Developer |
| Type of Listed Shares | Voting Shares |
| No. of Listed Shares | 25,710,000 |
| Code | KH1000160007 |
| Symbol | JSL |
| Listing Date | Feb 10, 2022 |
| No. of Staffs | 14 employees |
| Website | www.jslandplc.com |
JS Land was incorporated on 12 December 2014 as a private limited company under the Law on Commercial Enterprises of Cambodia. JS Land was subsequently converted into a public limited company and adopted its presence name on 13 May 2021 to facilitate the IPO.
JS Land was founded by a group of 5 entrepreneurs from Cambodia, Malaysia & Hong Kong. Together, JS Land’s Directors have with them a broad range of experiences in property, hotel & industrial development both in Cambodia and in the region.
JS Land’s primary mission is to build homes that meet the needs of the Cambodian people and to deliver properties with quality that inspire and enrich the lives of the homeowners. By insisting on continually adopting start-of-the-art construction technologies and latest architectural design trends, it is the Company’s vision that all Cambodians are able to own genuine and affordable home of the finest workmanship.
Business highlights
In 2015, JS Land commenced the first project called Garden Residency (“GR1”), a lifestyle condominium developed to meet the housing needs of the young Cambodian generation, is strategically located in the heart of Phnom Penh’s Sen Sok District. The project was successfully completed and handed over to customers in 2019.
In 2020, JS Land embarked on its second project called Garden Residency 2 (“GR2”) which is also strategically located in Sen Sok District. The construction of GR2 commenced in November 2020 and is expected to compete and hand over by the end of 2023. JS Land is also planning to launch Garden Residency 3 (“GR3”) in 2022.
| Board of Directors | Title |
|---|---|
| Oknha Koy Le San | Executive Chairman |
| Dato' Yap Ting Chiat | Executive Director and CEO |
| Mr. Tang Chun Kiu | Non-Executive Director |
| Oknha Meng Lee | Independent Director |
| Mr. Tan Ser Chhay | Independent Director |
Substantial Shareholders
| Substantial Shareholder | % Shares |
|---|---|
| Oknha Koy Le San | 25.2% |
| Dato' Yap Ting Chiat | 25.2% |
| Oknha Meng Lee | 6.80% |
| Mr. Kin Solyta | 6.80% |
Note: Substantial shareholders: shareholders holding ≥5% of listed shares
Dividend Policy
The ability of the Company to pay dividends or make other distributions to our shareholders is subject to various factors, such as having profits and excess funds not required to fund our business.
Our Directors will consider the following factors, amongst others, when recommending dividends for approval by our shareholders or when declaring any interim dividends:
- our level of cash and retained earnings;
- our expected financial performance;
- our projected levels of capital expenditure and other investment plans;
- our working capital requirements; and
- any contractual restrictions and/or commitments.
Any dividend declared will be subject to the recommendation of our Board and subject to the approval of our shareholders’ our annual general meeting.
In this regard, it is our intention to recommend and request for distributing a minimum dividend of twenty present (20.00%) of our PAT, subject to the conditions as set out above.
Notwithstanding the above, the investor should note that the intention to recommend dividends should not be treated as a legal obligation on our Company to do so. The level of dividends should also not be treated as an indication of our future dividend policy. There is no assurance that dividend will be paid out in the future or on timing of any dividends that are to be paid in the future. In determining dividend in respect of subsequent financial years, consideration will be given to maximize shareholders’ value.
IPO
| IPO Information | |
|---|---|
| IPO Price (KHR) | 1,900 |
| Par Value (KHR) | 100 |
| No. of listed shares | 25,710,000 |
| No. of issued shares | 8,281,000 |
| 1st trading date | Feb 10, 2022 |
| 1st closing price (KHR) | 2,420 |
| Underwriter | RHB Securities (Cambodia) Plc |