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Former investment banker steers hotel, property group toward its potential.
Byline: Charoen Kittikanya
Sep. 6--Two years ago the stakeholders of the Erawan Group decided it was time to transform the family-run enterprise into a professional organisation with an eye to growth, so they recruited Kasama Punyagupta, a former investment banker with the Thanachart Group and Merrill Lynch Phatra.
With a young, energetic president and CEO taking the lead, the Erawan Group (formerly Amarin Plaza Plc) began to move ahead with a dramatic series of reforms.
It began in October 2004 when three major shareholders of Amarin Plaza paid 2.1 billion baht to buy back all of the shares held by WREP Thailand Holding Co, a US-Singapore real estate investment fund, thus regaining control.
The three shareholders -- City Holding Co, Sukakarn Wattanavekin and Mitr Phol Sugar Corporation Ltd -- increased their combined stake from 25.1 percent to 62.1 percent.
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 15, 2007 700+ words
...leased the Amarin Plaza to Erawan...listed Erawan Group, on a 30...investment by the Erawan Group to revitalise the [Amarin Plaza] is not...work with Amarin Plaza's commercial...Charn said. Erawan Group shares closed...
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) April 9, 2007 700+ words
...plans to take its recently acquired Amarin Plaza more upmarket. While several new development...Ratchaprasong, the owner and operator of the Amarin Plaza shopping mall, in a transaction worth...After that, he would discuss with Amarin Plaza's 300 commercial office and retail...
- Erawan Group debt assigned rating of BBB.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) November 8, 2005 700+ words
...national long-term rating of BBB(tha) and a national short-term rating of F3(tha) to the senior unsecured debt of The Erawan Group Plc. The rating outlook is stable. Fitch said the ratings reflected Erawan's high-quality assets, strong brand recognition...
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 5, 2005 700+ words
...resorts, The Erawan Group, formerly Amarin Plaza, yesterday...he said. Amarin Plaza officially...name to The Erawan Group Plc on June...properties, The Erawan Group is a 74 percent...include the Amarin Plaza, Erawan Bangkok...
- Retailers spending big to pull more shoppers.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 6, 2005 700+ words
...the area: Gaysorn, Amarin Plaza and the Maneeya group...the rebranding of Amarin Plaza with a new food court...hotel business at The Erawan Group, another RSTA member, said renovations at Amarin Plaza were about 90 percent...
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 12, 2005 700+ words
...Jitpleecheep Jul. 12--The Erawan Group is renovating and repositioning...centre management of The Erawan Group. He explained that...Ploenchit Center, Amarin Plaza, located next door...Ploenchit Center and Amarin Plaza and tower this year...
- Fashion Center Would Boost Bangkok, Thailand, Area.
- Newspaper article from: Knight Ridder/Tribune Business News January 13, 2003 700+ words
...boost the take-up of rental space in Amarin Plaza, according to the complex owner and operator. "We (Amarin Plaza Plc) expect revenue from space rental...director of the marketing and sales at Amarin Plaza Plc, the owner and operator of the...
- Thai Retailer Plans 200 Million Baht Facelift for Department Store.
- Newspaper article from: Knight Ridder/Tribune Business News January 8, 2003 700+ words
...Tribune Business News Jan. 8--Amarin Plaza Plc, the operator of the two Sogo department...chairman of the management committee of Amarin Plaza, the focus of the renovation plan of...room. The outlets would be managed by Amarin Plaza, while the conference room would be...