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Estar to focus on projects in Bangkok.

Bangkok Post (Bangkok, Thailand)

| May 02, 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

May 2--The listed-developer Eastern Star Real Estate Plc has shifted the location of it projects from Rayong to Bangkok with the launch of five residential developments worth a combined 5.18 billion baht, according to managing director Sahat Tantikun.

He said the business expansion was being supported by the company's new investor, the Sunrise Group, which is comprised of Sunrise Equity Co Ltd, Bangkok Broadcasting & TV Co Ltd and GL Assets Co Ltd.

The group has gradually consolidated its holding in Estar shares and now controls 54.23 percent of the company's shares. The major shareholder of the Sunrise Group is ...

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