Latest news with #AssetWorldCorp
Bloomberg
27-05-2025
- Business
- Bloomberg
Thailand's Second-Richest Tycoon Transfers Stakes to Children
Thailand's second-richest person Charoen Sirivadhanabhakdi transferred ownership of two major listed companies to his five children as the octogenarian businessman pulls back from day-to-day management of his beer to property conglomerate. Charoen sold all of his shares in Sutthasup 9 Company to his offspring, according to late Monday filings of Asset World Corp. and Berli Jucker. Sutthasup 9 has indirect control of the companies. The statements didn't say how much Charoen owned in the companies.
Bloomberg
27-02-2025
- Business
- Bloomberg
Thai Tycoon's Property Unit Plans to Double Assets to $9 Billion
A Thai developer of hotels and shopping malls controlled by the country's second-richest man plans to double its assets over the next five years on expectation tourism growth and economic recovery will drive demand for accommodation and office space. Asset World Corp. will increase the size of its operating assets such as hotels, office buildings and shopping malls to more than 300 billion baht ($8.9 billion) by end of 2029 from about 150 billion baht now, said Chief Executive Officer Wallapa Traisorat. The expansion will come from new acquisitions and greenfield constructions, she said.
