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Mercurius to buy 50% stake in Thai property developer

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Fiona Lam

Fiona Lam

Published Mon, Jun 17, 2019 · 09:50 PM

Singapore

MERCURIUS Capital Investment is looking to buy a 50 per cent stake in a Thai private property developer, Grand Bay Hotel, for more than 335 million baht (S$14.69 million) from Thailand-listed real estate developer Apex Development.

Mercurius will also jointly develop the Sheraton Phuket Grand Bay Resort in Phuket, Thailand, the Catalist-listed firm said in a filing on Monday.

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