Sansiri has announced the sale of a 44.9% stake in its subsidiary “Chatnalin” to a private fund managed by XSpring Capital Public Company Limited. The deal, valued at over 240 million baht, is part of Sansiri’s major restructuring strategy to increase agility and growth opportunities in the rapidly changing real estate market.
This share sale is considered a significant deal that will shake up the Thai real estate industry. Chatnalin Co., Ltd.,formerly a subsidiary of Sansiri, will become a joint venture between Sansiri and the XSpring Fund, with shareholdings of 55.10% and 44.90%, respectively.
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Sansiri, stated that the decision to sell the shares was aimed at making Chatnalin Co., Ltd. more agile in its business operations and enabling it to respond more quickly to changing market demands. It also opens up opportunities for Sansiri to collaborate with partners who specialize in fund management to develop high-quality real estate projects that better meet customer needs.
This restructuring is a significant step for Sansiri in strengthening its long-term stability and sustainability. The company is committed to developing quality real estate projects and creating added value for shareholders and customers.
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