Villa Kunalai “KUN” poised to launch MAI listing with 150 million-share IPO allocationProperty developer Villa Kunalai Public Company Limited (“KUN”), which operates under the “Kunalai” brand in Bang Bua Thong, Nonthaburi and ChachoengsaoHas announced plans to be listed on the Market for Alternative Investment (MAI), allocating 150 million shares in its initial public offering (IPO). According to Mrs. Praweerat Dheva-aksorn, Chief Executive Officer of Villa Kunalai Plc: “ ‘Kunalai’ is the old name of my father’s project, and translates as ‘Housing with good characteristics’. Our wide customer base has contributed to our sales success.”The company and its subsidiary currently have seven projects under development with a total value of 3.9 billion baht: Kunalai Begins (10 rai), Kunalai Pollen (8 rai), Kunalai Symphony (30 rai), Kunalai Courtyard (48 rai), Kunalai Joy(48 rai), Kunalai Begins 2 (36 rai), and Kunalai Joy on 314 (24 rai). Kunalai Joy 2 (71 rai) and Villa Vanich (17 rai) are two future projects with a total value of 2.17 billion baht. The company recently expanded projects into the eastern region with Kunalai Joy on 314 project in Chachoengsao province.

Source: Bangkok Post November 11, 2019 10:21 UTC