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Newcomers behind B4bn project.

Bangkok Post (Bangkok, Thailand)

| April 04, 2005 | COPYRIGHT 2005 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: Kanana Katharangsiporn

Apr. 4--Major shareholders of SET-listed Khon Kaen Sugar Industry have jumped into the property bandwagon, launching Boathouse Hua Hin, a luxury resort and condominium project worth four billion baht.

"We are not property developers so we had to search for property professionals," said Somchat Chinthammit, a director of Boathouse Hua Hin Co Ltd, who owns food product firms including Thai Fermentation Industry, a manufacturer of seasoning products under the Red Spoon brand, Thai Flour Industry and Bangkok Inter Food.

He said the project would be designed by M.L. Tridhosyuth Devakula's Deve Studio Co Ltd, a ...

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Source: HighBeam Research, Newcomers behind B4bn project.

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