The Business Times
business-time-50
SUBSCRIBERS

Mercurius to buy 50% stake in Thai property developer

google-preferred-sourceAdd BT as a preferred source
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.

TRENDING NOW

KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

Johor property old hand KSL readies family handover amid market boom

More than 95% of Seatrium's net order book comprises "series-build" projects.

Seatrium eyes S$28 billion in project opportunities amid global race for energy security

China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least US$330 million of penalties.

China targets offshore billions in biggest crackdown in decades

Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More