The firm plans to launch its first residential project in Bangkok next year in a joint venture with Sansiri Plc. “We may ask Sansiri Plc if it is interested in partnering with us,” he said. The company will borrow from commercial banks or issue debentures after completing due diligence for the deal with Pace Development. Sansiri’s subsidiary in Singapore, Sansiri Global Investment Pte Ltd, is taking a 6.09-per-cent stake in co-working space firm, JustGroup Holdings Pte Ltd in Singapore. “We cannot provide more investment detail with Pace Development Plc because this is under the due diligence process.

Source: The Nation Bangkok November 08, 2017 18:09 UTC