“PACE” Confident in This Year’s Earnings Backed by 5 Billion Baht Cash and 3 Billion Baht Corporate
May 16, 2017
PACE Development Corporation Plc. (PACE) announces today, from Q1/2017 financial statement, that it has more than 5 billion baht in cash to support future business growth. It has also repaid more than 3 billion baht of debt after Apollo and Goldman Sachs invested in the MahaNakhon development resulting in a significant decrease in the company’s debt/equity ratio. The company is confident its financial performance will turnaround this year. PACE is now moving forward with a plan to expand the DEAN & DELUCA brand globally and also setting to open the Sky Observation Deck by end of this year in response to Bangkok’s massive tourism growth.