Thailand's AIRA forms a subsidiary to foray into property biz

Thailand's AIRA forms a subsidiary to foray into property biz

AIRA’s chief executive officer Nalinee Ngamsettamas.

Thailand-based holding company Aira Capital PCL (AIRA) plans to diversify into the property development business by setting up a subsidiary “Aira Property,” that hopes to enter into joint ventures with property developers during the second half of this year.

AIRA holds the entire stake in Aira Property, which has a registered capital of 200 million baht ($5.9 million).

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