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Thai developer Hemaraj buys enough land to last a decade.
Byline: Santan Santivimolnat
Oct. 1--Hemaraj Land and Development Plc has added 9,300 rai of land along the Eastern Seaboard following the takeover of a rival industrial estate developer and additional land purchases.
The new land will help SET-listed Hemaraj meet increasing demand in the prime industrial estate area and reinforce its position as a world-class industrial estate developer, said Paopitaya Smuttrakalin, director of planning and investor relations.
The company's board decided on Monday to acquire for 1.49 billion baht all shares in KK-JTCI (Thailand), a Thai-Singaporean developer that owned about 6,800 rai of undeveloped land in ...
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Source: HighBeam Research, Thai developer Hemaraj buys enough land to last a decade.