Grande Asset keeps hope alive after rejig
Firm puts past behind, works to wrap projects
After restructuring shareholders and debt, the listed real estate firm Grande Asset Hotels and Property Plc (GRAND) plans to continue development of two hotels and a condominium project on Sukhumvit Road worth a combined 10 billion baht.
Noppadol: Lehman’s collapse was costly
Chief executive Noppadol Mingchinda said his company's investment was frozen since 2008 after the bankruptcy of the global financial institution Lehman Brothers, which was formerly its major shareholder.
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About the author
- Writer: Kanana Katharangsiporn
- Position: Business Reporter
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