Origin Property Public Company Limited (SET: ORI), Britania Public Company Limited (SET: BRI), and Pruksa Holding Public Company Limited (SET: PSH) published statements of the establishment of joint investment companies via the Stock Exchange of Thailand.
According to the resolution of the Board of Directors meeting of Pruksa Holding Public Company Limited (SET: PSH) on 20th October 2023, approval was granted for entering into a 3-joint venture agreement between Pruksa Real Estate Public Company Limited (PS) and subsidiaries of Origin Property Public Company Limited. Currently, all requisite core conditions have been satisfactorily fulfilled by the contract parties involved.
Origin Property Public Company Limited (SET: ORI) has approved One Origin Public Company Limited (ONEO), a subsidiary of the company, which engages in the real estate development of the hotel and hospitality business, to enter into the joint venture agreement with Pruksa Real Estate Public Company Limited (PS), a subsidiary of Pruksa Holding Public Company Limited, which engages in the real estate development of residential property.
ONEO has completely signed the Joint Venture Agreement on 28 December 2023. In this regard, the shareholding restructuring shall be completed within 31 January 2024. After the shareholding restructuring.
The name of the company in the agreement is ONE ORIGIN SAMUI CHAWENG BEACH 1 COMPANY LIMITED. The company object is hotel business, with the company’s working capital as its source of funds. The shareholding is separated into two groups, including 50% (50,000 shares) held by One Origin Public Company Limited and 50% (50,000 shares) held by Pruksa Real Estate Public Company Limited.
The Directors of the company are as follows:
- Mr. Pitipong Trinuruk (ONEO)
- Mr. Piti Jarukamjorn (ONEO)
- Mr. Panyawath Chanrungsang (ONEO)
- Mr. Piya Prayong (PS)
- Mr. Pakarin Dattibongs (PS)
- Ms. Jintana Insee (PS)
Meanwhile, ORI has also approved Park Luxury Company Limited (PARK), a subsidiary of the company, which operates property development business focusing on high-rise building development (Condominium), to enter into the joint venture agreement with Pruksa Real Estate Public Company Limited (PS), a subsidiary of Pruksa Holding Public Company Limited, which engages in the real estate development of residential property
PARK has completely signed the Joint Venture Agreement on 28 December 2023. In this regard, the shareholding restructuring shall be completed within 31 January 2024. After the shareholding restructuring.
The name of the company in the agreement is PARK LUXURY SPV 1 COMPANY LIMITED. The company object is high-rise building development, with the company’s working capital as its source of funds. The shareholding is separated into two groups, including 50% (50,000 shares) held by Park Luxury Company Limited and 50% (50,000 shares) held by Pruksa Real Estate Public Company Limited.
The Directors of the company are as follows:
- Mr. Pitipong Trinuruk (PARK)
- Ms. Kanokpailin Wilaikaew (PARK)
- Mr. Panyawath Chanrungsang (PARK)
- Mr. Piya Prayong (PS)
- Mr. Pakarin Dattibongs (PS)
- Ms. Jintana Insee (PS)
Britania Public Company Limited, the subsidiary of ORI, has entered into the joint venture agreement with Pruksa Real Estate Public Company Limited (PS), a subsidiary of Pruksa Holding Public Company Limited, which engages in the real estate development of residential property.
The signing of the Joint Venture Agreement was successfully completed on 28 December 2023. In this regard, the shareholding restructuring shall be completed within 31 January 2024. After the shareholding restructuring.
The name of the company in the agreement is BRITANIA SPV 16 COMPANY LIMITED. The company object is real estate development of horizontal residential property, with the company’s working capital as its source of funds. The shareholding is separated into two groups, including 50% (50,000 shares) held by Britania Public Company Limited and 50% (50,000 shares) held by Pruksa Real Estate Public Company Limited.
The Directors of the company are as follows:
- Mr. Theeradej Kerdsamang (BRI)
- Ms. Panitaporn Wongprakop (BRI)
- Mr. Parama Hemathulin (BRI)
- Mr. Piya Prayong (PS)
- Ms. Punnarat Biawmai (PS)
- Ms. Jintana Insee (PS)
