Krungthep Turakij: ‘PACE’ to Reduce B/E Debt by 50% with SCB Loan
13 July 2017
PACE Development Corporation Plc has taken out a loan with Siam Commercial Bank (SCB) to reduce 4 billion baht of existing bills of exchange (B/E) by 50% in 2017 and reconfirms that there is no liquidity issue despite total liability exceeding 28 billion baht. The company also aims for Chinese buyers in order to sell The Ritz-Carlton Residences, Bangkok, plus target to increase backlog by 3 billion baht within this year.