By Anuchit Nguyen
Sarath Ratanavadi is poised to become the newest billionaire in Southeast Asia’s second-largest economy.
To date, it has secured $24.2 million from several investors including Baidu and Mobility Ventures.
Existing investors Blue Sky, MDI Ventures and DKSH also joined the round.
It still owns significant stakes in Thai Oil, PTT Global Chemical and IRPC.
Sansiri and U City plan to develop a premium condominium project on a plot of land in Bangkok.
Taokaenoi plans to increase the registered capital of GFI after the transaction is completed.
Hua Hin on Thailand’s west coast has seen a surge in investments by realty companies.
Thailand’s Sansiri invests $80m in six global startups including Standard International, Monocle, JustCo
The six brands are Standard International, One Night, Hostmaker, JustCo, Farmshelf and Monocle.
This marks Lakeshore’s fourth investment.
Grand Uniland will hold a 15% stake in the REIT.