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TEE Land Acquires Land In Greater Bangkok, Thailand For Housing Project
Daily Bulletin | 08 September 2015
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TEE Land announced that its associate, Chewathai Plc, has entered into a sale and purchase agreement to acquire the freehold interest in a plot of land approximately 25,000 square metres, located at Rangsit Klong 1, Patumthani Province, Greater Bangkok, Thailand.

The land is to be acquired for a purchase consideration of THB92.6 million and the group plans to develop it into a landed housing project. The acquisition is subject to legal, engineering, financial and marketing due diligence and if satisfactory, is expected to be completed in early December 2015.

The acquisition is part of the group’s strategy to build up a portfolio of development properties as part of its previously announced listing plan on the Stock Exchange of Thailand’s Market for Alternative Investment.

TEE Land  -- -- --   
Business: Co is a real estate developer pre-dominantly focused on the Singapore market. [FY18 Turnover] Property development (91.4%), hotel operations (6.4%), investment properties (2.2%).

Insight: Apr-19, 9M18 revenue rose 12.1% to $87.5m due to h... Read More

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