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Byline: Wichit Sirithaveeporn
Apr. 5--Bangkok Land will raise three billion baht from selling condominium claims at Muang Thong Thani to the Secondary Mortgage Corporation.
The property developer planned to invest the funds to expand the Impact exhibition centre into the largest in Asia, said Anant Kanjanapas, the company's chief executive.
Mr Anant said claims to 5,000 condominium units out of the total of 27,000 at Muang Thong Thani would be transferred to the SMC.
Bangkok Land plans to expand the Impact centre to 80,000 square metres from 50,000 now, creating the largest exhibition space in the country.
In contrast, the ...
Source: HighBeam Research, Condo Disposal to Fund Exhibition Centre's Growth in Thailand.