World Corp will unload education business to focus on land
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World Corporation Plc shareholders have approved a plan to sell off its Bt1.7-billion education business to the Chiyachantana family, a major shareholder, and to the World Corp management.
Chief executive Chirasak Chiyachantana said on Monday the transaction reflected the firm’s decision to focus solely on its property developments.
He said the company had Bt6.5 billion worth of condominiums under construction, with units already on sale.
It is also increasing its investment in a Bt2.5-billion industrial estate in Lamphun province.
“We want to be a property developer only, and the restructuring requires that our education business be sold to the family,” Chirasak said.
