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UV lifts stake in Grand Unity.
- Article from:
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Bangkok Post (Bangkok, Thailand)
- Article date:
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October 2, 2007
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Copyright informationCOPYRIGHT 2007 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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COMPANY REPORTS, NATION
The Nation (Thailand);
November 30, 2001 ;
272 words
......Bt12.5 million in a 25percent stake in Grand Unity DevelopmentCo. SANSIRI reported that...56 million in 3.125percent stake in Grand Unity Development Co, expecting to earn dividends...which is to last 36 months. Sansiri said Grand Unity, capitalized at Bt50 million, is the...
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Thai condo developer Grand Unity delays share listing.
Bangkok Post (Bangkok, Thailand);
August 31, 2004 ;
434 words
......Katharangsiporn Aug. 31--The condominium developer Grand Unity Development has postponed its listing...director Tossaporn Saksanguanmanoon. Grand Unity had planned to seek a listing in the...adviser. Having postponed its listing, Grand Unity has reduced the down payment amounts...
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Thailand Development Firm Aims to Lead in Condo Market.
Bangkok Post (Bangkok, Thailand);
March 9, 2004 ;
385 words
......to enter Grade A markets through Grand Unity Development Co, following a shareholding...to 33.33 percent from 25 percent. Grand Unity plans to list on the Stock Exchange of Thailand this year. Grand Unity, a company specialising in completing...
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Grand Unity Development plans new project in Thailand.
Bangkok Post (Bangkok, Thailand);
October 5, 2004 ;
335 words
...Oct. 5--Grand Unity Development has announced plans to...government infrastructure programmes. Grand Unity this year has developed two suspended...Parkview Asoke -- have been reserved. Grand Unity expects to book revenue of 350 million...
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New Venture to Revive Condominium Site in Thailand.
Knight Ridder/Tribune Business News;
December 7, 2001 ;
432 words
......in 1997. A new joint venture called Grand Unity has been formed, with 50 million baht...committed by the four shareholders to Grand Unity in the form of business credits. Ultimately...million and Sansiri 10 million baht. Grand Unity will also borrow 240 million from Bangkok...
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Bt3-billion investment plan: Grand Unity eyes 4 sites, NATION
The Nation (Thailand);
April 22, 2004 ;
Somluck Srimalee;
491 words
......have been stalled since '97 Grand Unity Development Co plans to...billion in acquiring four property projects this year, its managing...its business expansion, Grand Unity will apply for a listing...initial public offering. Grand Unity has a policy of maintaining...from ...
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Thai Development Firm to Spend 2 Billion Baht on Six New Condos.
Knight Ridder/Tribune Business News;
January 21, 2003 ;
403 words
......additional development through Grand Unity Co, a joint venture with Yaowawong, Univentures Plc and Sansiri Plc. Grand Unity took over the abandoned Watercliff...Rama III from creditors in 2001. Grand Unity began selling 28 four-storey townhouses...
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Thai developer Grand Unity expects seven-fold jump in revenue.
Bangkok Post (Bangkok, Thailand);
November 11, 2004 ;
389 words
...Byline: Somporn Thapanachai Nov. 11--Grand Unity Development, a subsidiary of L.P.N...expected to rise by 15 percent next year. Grand Unity, which specialises in developing suspended...develop for revenue realisation in 2006. Grand Unity has postponed its plan to list on the...
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Thai Property Revival Specialist Sees Potential in Condos.
Bangkok Post (Bangkok, Thailand);
April 22, 2004 ;
458 words
...Byline: Krissana Parnsoonthorn Apr. 22--Grand Unity Development Co, a pioneering specialist...condominium-cum-retail project worth 1.9 billion baht. Grand Unity acquired a 100 percent stake in High...on Asok Road, for 910 million baht. Grand Unity will turn the project into 400 ...
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Thai firm to establish new rental matchmaking service.
Bangkok Post (Bangkok, Thailand);
October 20, 2004 ;
269 words
......condominium units developed by L.P.N. and another subsidiary, Grand Unity Development Plc. Pichet Supakitjanussan, the company's managing...rent and sell units in projects developed only by L.P.N. and Grand Unity but will expand to other projects in the near future. It expects...
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Grand Unity plans B3bn condo project.
Bangkok Post (Bangkok, Thailand);
May 16, 2005 ;
375 words
...Byline: Kanana Katharangsiporn May 16--Condominium developer Grand Unity Development Co Ltd plans to acquire an unfinished building...sales revenues from this project by the second half of 2006. Grand Unity is also in talks with a financial institution to buy another...
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LATE NEWS: Palm oil, cassava to be invaluable, NATION
The Nation (Thailand);
May 25, 2004 ;
505 words
......and paper and textiles, had applied for BoI investment privileges in the first quarter. - The Nation. GRAND UNITY: Projects proceed Grand Unity, one of the country's leading property developer, will delay its plan to mobilise a Stock Exchange...
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L.P.N. optimistic about sales of five projects.
Bangkok Post (Bangkok, Thailand);
March 18, 2005 ;
334 words
......investments would come from cash flow, he said. Associate company Grand Unity Development meanwhile was projecting revenues of 2.5 billion baht for 2005. L.P.N. holds 33 percent of Grand Unity. Shares of L.P.N. closed on the Stock Exchange of Thailand...
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Turkish premier yields to generals: Erbakan quits, plans to pass power to...
The Washington Times;
June 19, 1997 ;
Sieff, Martin;
668 words
......True Path Party. The proposed coalition would also include the small, nationalist Grand Unity Party, led by Muhsin Yazicioglu. Mr. Yazicioglu said Grand Unity will not enter the Cabinet but will support in the parliament. I resigned because...
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UNITY?
The Milwaukee Journal Sentinel;
December 1, 2001 ;
130 words
......being overtaken by post-modernism and will soon lose its remaining prominence. So, not only is he simply speaking for one more grand unity scheme that forces people to accept its supremacy, he is also evangelizing for a dying faith. John Tang Boyland Milwaukee
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