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Real estate contributes about 20% to 35% to the country's total FDI every year.

The purchase will be financed by funds raised from the share capital increase completed by the Company in January 2024 as well as by bank debt.

Thai developers offered a total of 1,285 new villas valued at 36.3 billion baht ($1.1 billion) in the six months through June.

The company is making its entry into the US with a product line that includes a variety of flavors and packaging.