Tommy Taechaubol, Chief Executive Officer of Country Group Holdings Public Company Limited (CGH), said CGH and its subsidiaries have successfully acquired 5.17% or 379,262,100 common shares of Country Group Development PCL (CGD). This investment is a part of CGH’s restructuring plan to invest in a high growth business, increase its source of revenue, and minimize its investment risk. All of which will yield high dividend for its shareholders.

“Since CGD is one of Thailand’s leading real estate developers, the acquisition of CGD’s common shares will definitely benefits CGH’s portfolio earnings and subsequently its shareholders” Tommy said.

Since the beginning of 2015, CGD launched Chao Phraya Estate property project, valuing over 32,000 M Baht. The project is situated 350 Meters along the Chao Phraya River that extends over 9 Acres on Chareonkrung 64 Road. The project consists of Capella Hotel Bangkok, Four Season Hotel Bangkok at Chao Phraya River, and Four Season Private Residence Bangkok (presale started since 20 Jan 2015)