Amata hits full-year land-sales target already
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Amata Corporation plans to raise its land-sales forecast for the second half of this year after hitting this year's target of 3,000 rai in just the first two months.
The company cited investors’ decisions to make non-flood-prone areas their top priority when investing in land.
Despite receiving the Vietnamese government’s permission to develop another industrial estate, Amata may review whether it would be worth investing in the project, as Hanoi is likely to scrap its tax incentives.
The company expressed interest in investing in Dawei in Burma.
Since last year, the company has been on the expansion path with more than Bt7 billion of borrowing. However, it is confident that it can service its debts if it reaches its sales target.
