The long-dormant SET-listed Golden Land Property Development Plc (GOLD) vows a bold return to the spotlight after Univentures Plc (UV) acquired it last year.
The property developer hopes to turn a profit over the next two years."We need to set a strategy for Golden Land, which posted losses for many consecutive years," said Golden Land president Thanapol Sirithanachai yesterday after resigning as Univentures' managing director.
Univentures, controlled by Panot Sirivadhanabhakdi, the youngest son of liquor tycoon Charoen Sirivadhanabhakdi, spent 3.7 billion baht last year to buy a 50.64% stake in Golden Land.
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