Golden Land Property Development shareholders have approved Frasers Centrepoint’s (FCL’s) proposed acquisition of 29.5% of its enlarged share capital through a 4.97 billion baht ($196 million) new capital injection.
Golden Land is listed on the Stock Exchange of Thailand. It is one of the country’s leading real estate developers engaged in residential and commercial property development, as well as property management and property advisory services.
“The investment in Golden Land marks another step forward in our journey of growing overseas and recurring income streams,” says Lim Ee Seng, Group CEO of FCL.
Through Golden Land, FCL will be well positioned to leverage its controlling shareholders’ home market advantage to access opportunities.
Golden Land focuses mainly on single- and semi-detached housing and townhouse residential projects in metropolitan Bangkok under its flagship “Golden” brand, as well as mixed-used commercial and hospitality projects primarily located in the central business district of Bangkok.
In addition, the developer is on the cusp of establishing a real estate investment trust platform and entering into large-scale mixed-use developments.
Shares in FCL closed 0.6% lower at $1.67.
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Golden Land is listed on the Stock Exchange of Thailand. It is one of the country’s leading real estate developers engaged in residential and commercial property development, as well as property management and property advisory services.
“The investment in Golden Land marks another step forward in our journey of growing overseas and recurring income streams,” says Lim Ee Seng, Group CEO of FCL.
Through Golden Land, FCL will be well positioned to leverage its controlling shareholders’ home market advantage to access opportunities.
Golden Land focuses mainly on single- and semi-detached housing and townhouse residential projects in metropolitan Bangkok under its flagship “Golden” brand, as well as mixed-used commercial and hospitality projects primarily located in the central business district of Bangkok.
In addition, the developer is on the cusp of establishing a real estate investment trust platform and entering into large-scale mixed-use developments.
Shares in FCL closed 0.6% lower at $1.67.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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