Baan Muang: PACE plans to generate sustainable growth
10 March 2015
Mr. Sorapoj Techakraisri, Chief Executive Officer of PACE Development Corporation Plc disclosed that PACE will increase its capital stocks offered via private placement (PP) toIndustrial Buildings Corporation (IBC),MahaNakhon’s current shareholder.. Through a share swap, IBC will be taking 20% holdings in PACE, giving PACE 100% ownership in MahaNakhon, boosting its management efficiency in the development… Whereas, the acquisition of the iconic gourmet food and beverage brand “Dean & DeLuca” will generate long term ongoing revenues around 100 million USD or 3,000 million baht.
