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Thoresen Thai invests in property firm

Thoresen Thai Agencies (TTA) has acquired a property and development firm at an investment of THB220m ($6m).

Lee Hong Liang, Asia Correspondent

October 6, 2015

1 Min Read

Kalyakan - stock.adobe.com

The deal will see TTA own a 3.48% stake in Nusasiri Public Company (NUSA), acquired via private placement of the company’s shares.

TTA said the latest deal is “for financial investment with no intention to involve in the management of NUSA”, and the investment fund will be from cash on hand and working capital.

At the same time, TTA chief executive Chalermchai Mahagitsiri also put in THB110m to acquire 1.74% of stake in NUSA.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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