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B1.06bn loan to aid Hemaraj estate expansion.
Byline: Aranee Jaiimsin
Dec. 8--Hemaraj Land and Development Plc signed a long-term contract with TMB Bank yesterday to secure 1.06 billion baht for a major expansion of the Hemaraj Eastern Seaboard Industrial Estate (Hemaraj ESIE).
David Nardone, Hemaraj's president and chief executive officer, said the five-year loan would be used to purchase 9,759 rai of undeveloped land, adjacent to Hemaraj's flagship Eastern Seaboard Industrial Estate (Rayong).
The land would be developed as Hemaraj ESIE, and almost double Hemaraj's land bank at Eastern Seaboard to approximately 17,000 rai.
In addition, the loan would pay for land grading, road ...
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Source: HighBeam Research, B1.06bn loan to aid Hemaraj estate expansion.