Raimon Land uses Singapore as hub | Bangkok Post: property

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Raimon Land uses Singapore as hub

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The SET-listed Raimon Land Plc (RML) will use two new subsidiaries it set up in Singapore last month as an investment base for international projects, eyeing commercial property in the US as a likely first destination. 

Executive chairman Lionel Lee said Singapore's JS Oil Pte Ltd, which bought Raimon Land shares and became its new major shareholder on Feb 1, has made a commitment to stay with the company for 20-30 years.

"Raimon Land will diversify further into income-generating property projects and leverage the international networks of the new shareholder," he said.

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