Naew Na: Shareholders back new shares issued for PACE Japanese resort investment
7 July 2016
Sorapoj Techakraisri, Chief Executive Officer of PACE Development, said The company will sign a land buying agreement in Niseko soon after shareholders at the first extraordinary general meeting of 2016 endorsed an increase of the company’s registered capital of 176.35 million shares at three baht public offering price, worth 529,050,000 baht as compensation to Bell Investments Limited and Ascension Trading Limited for an acquisition of lands totaling 87 rai, 3 ngarn and 33.295 square wah in Niseko, Hokkaido in Japan at a cost of no more than 529,050,000 baht on which a high-end property project will be developed.