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Two Thai property developers plan Reit IPOs
Add BT as a preferred sourcePublished Tue, Jan 13, 2015 · 09:50 PM
Bangkok
TWO Thai developers, Golden Land Property Development PCL and Country Group Development PCL, plan initial public offerings of their real estate investment trusts (Reits) to raise funds for expansion.
Golden Land, part of the real estate empire controlled by Thai billionaire Charoen Sirivadhanabhakdi, plans to list its Reit worth up to 10 billion baht (S$407 million) in the second quarter, president Thanapol Sirithanachai said on Tuesday.
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