Country Group Development |spends Bt1.65 bn on Rama 3 site
Country Group Development Plc has spent Bt1.65 billion to buy 19 rai of land on Rama 3 Road for the development of a mixed-used project in 2018, the company’s chief executive officer Ben Taechaubol said yesterday.
He added that the company would also issue one-year debentures worth Bt600 million at a fixed interest rate of 6.5 per cent. Bookings are open till December 26 with Asia Plus Securities Co Ltd, he said.
The bond proceeds would be used to help the company’s business expansion next year, he added.
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