Golden Land Property Development Plc

Golden Land ramps up investment budget

Date of Release: 
Mar 8 2016

SET­-listed developer Golden Land Property Development Plc (GOLD) has raised its annual land investment budget to 3 billion baht from the usual 1-2 billion after securing new funding in January.

According to Somboon Wasinchutchawal, senior executive vice-president for finance and accounting, new funds worth 4.97 billion baht were made available following a capital injection by a new shareholder, Singapore-­listed property firm Frasers Centrepoint Limited, through its subsidiary Frasers Property Holdings (Thailand) Co.

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