Newspaper article from our research archive:

UV lifts stake in Grand Unity.

Oct. 2--Univentures Plc (UV) has increased its stake in Grand Unity Development Co to become the majority shareholder and plans to invest in improving distressed assets to sell them, according to managing director Thanapol Sirithanachai.

The company acquired 1.33 million shares, at 10 baht apiece, in Grand Unity. Univentures will hold a 60 percent stake in the company, while two strategic partners -- L.P.N. Development Plc and Yaowawong Co -- will hold 20 percent each. Previously, the companies each held 33.33 percent.

The three main shareholders, working under a five-year co-operation deal, have successfully developed high-rise projects worth more than five billion ...

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