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Condo Disposal to Fund Exhibition Centre's Growth in Thailand.

Bangkok Post (Bangkok, Thailand)

| April 05, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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Source: HighBeam Research, Condo Disposal to Fund Exhibition Centre's Growth in Thailand.

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