Thai property developer Central Pattana sets up new subsidiary in Vietnam
VOV.VN - Central Pattana, a member of Thailand's leading multi-industry corporation Central Group, has officially established a new subsidiary in Vietnam to take advantage of business opportunities in the local market.
The CPN Global Vietnam has a charter capital of VND20 billion with 100% of shares being held by CPN Global which operates in the field of real estate management.
Chanavat Uahwatanasakul has been appointed director of the CPN Global Vietnam.
According to the company’s website, Central Pattana is Thailand's leading retail property developer that has listed shares on the Stock Exchange of Thailand (SET) since 1995. Currently, it owns and manages nearly 40 high-end shopping malls, 10 office buildings, and five hotels with a total rental area exceeding 2.3 million square metres, as well as 28 apartment buildings.
The company is a subsidiary of Central Group which is owned by the Thai billionaire family Chirathivat.
Central Group has been investing in Vietnam since 2012 through its subsidiary Central Retail with famous brands in the retail field such as Central Food Hall, Tops Market, Tops Daily, Tops Superstore, Tops Online, Family Mart, GO!, Mini go!, Lan Chi supermarket, Nguyen Kim, Supersports, Come Home, Kubo, and Robins.
At present, Central Retail operates more than 340 retail stores in 40 provinces and cities nationwide, including 77 food retail stores, 38 GO! stores, and 39 supermarkets. In addition, there are more than 200 non-food retail stores and 39 GO! Malls.
