Thailand: Property Perfect sells stake in retail arm to Central Pattana

Thailand: Property Perfect sells stake in retail arm to Central Pattana

Image from Property Perfect website.

SET-listed developer Property Perfect Pcl sold its entire stake of 65 per cent in Dara Harbour to Thailand’s commercial buildings developer Central Pattana for 291.75 million baht ($8.6 million), according to the company’s filing with the Stock Exchange of Thailand.

Dara Harbour has a registered capital of 400 million baht. IT firm Faima RBDS International owns a 30 per cent stake while Ascend Development holds the remaining 5 per cent.

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