Amata to open exclusive park for Chinese firms
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Amata Corp Plc's board of directors on Dec 19 approved the company's establishment of a joint venture with Hua Fang Pharmaceutical Co Ltd, to develop an industrial park for Chinese manufacturers.
The joint venture will develop approximately 1,000 rai in Amata City Industrial Estate to sell/lease the land and ready built factories to Chinese investors from China.
In a statement to the Stock Exchange of Thailand, the company said that the joint venture should be established in January. To be named Thai-Chinese Rayong Industrial Services Co Ltd, the joint venture will be owned 21 per cent by Amata, 30 per cent by its 83.67 per cent-owned subsidiary Amata City Co Ltd, and 49 per cent by Ha Fang Pharmaceutical. The joint venture will be capitalised at Bt1 billion, with Bt750 million in paid-up capital.
