Bangkok--3 Mar--4D Communication
Mr Subhak Siwaraksa (3rd left), President and CEO of CIMB Thai Bank Public Company Limited, together with Mrs Ornruedi Na-Ranong (3rd right), Chairman of Grand Unity Development Company Limited and management from both companies, recently signed off a THB480-million loan agreement contract to support the U Delight @ Huay Kwang Station project, which launched into the market since end of last year.
Bangkok: CIMB Thai Bank Public Company Limited has approved THB480-million loan to support Grand Unity Development Company Limited for developing U Delight @ Huay Kwang Station project, which is composed of 597 units in total and has been launched into the market since end of last year. The contract was signed by Subhak Siwaraksa, President and Chief Executive Officer, and Duangphorn Sucharittanuwat, Corporate Banking Group Head, CIMB Thai Bank, together with Ornruedi Na-Ranong, Chairman, Thanapol Sirithanachai, President and Neramit Srangiam, Managing Director, Grand Unity Development Company Limited, recently signed off this loan agreement contract at CIMB Thai Bank, Sathorn Building.
Subhak Siwaraksa, President and Chief Executive Officer, CIMB Thai Bank Public Company Limited, said “We are pleased that CIMB Thai had the opportunity to offer financial support to Grand U Living Company Limited with THB480-million loan for developing U Delight @ Huay Kwang Station Project. Grand U Living Company Limited is a subsidiary of Grand Unity Development Company Limited, which is a leading and successful property development company. It can be proved by good responses from clients in all the company projects. Moreover, it also concerns about living quality of its clients by continuously improving and developing models of the project residence. Consequently, I am very confident that U Delight @ Huay Kwang Station Project will be successful as well as other previous projects. CIMB Thai and our subsidiaries are ready to offer fully support and utilise our regional skills and expertise to offer the highest-quality advice and services.”
Ornruedi Na-Ranong, Chairman, Grand Unity Development Company Limited, said “I am delighted that CIMB Thai is confident on our company, particularly U Delight @ Huay Kwang Station Project. Previously, we have launched this project into the market since end of last year. Owing to its outstanding location, design, multi-function furniture as well as reasonable and persuasive price and professional condominium management, there are many clients interested in reserving. Presently the total of project reservation is at 70% and the project sale will be expected to be closed by the third quarter of this year.”
U Delight@ Huay Kwang Station is created under the concept of Urban Escape to offer surrounding that is close to nature with up to 70% open space. It is situated in Soi Pracha-Uthit 5 and only 3 minutes from MRT station in Huay Kwang. The project is composed of 3 condominium buildings of up to 20 stories and 1 building of 10 stories housing a total of 597 units on 5-rai land worth 1.2 billion baht. There are 4 types of rooms available for the choosing namely 1 bedroom at 32, 41 and 45 square meters, and 2 bedrooms with 64 square meters with a starting price of 1.39 million baht. It also comes with complete infrastructure including 30-meter infinity-edged swimming pool, fitness club, sauna room for men and women, library, Wi-Fi Internet, laundry service, shuttle service to Huay Kwang MRT station everyday and One Smart Touch keycard providing residents more convenience and security with one keycard system which allows for accessing all entries of the project facilities. Moreover, the project is managed by a professional team from LPN.
About CIMB Thai
CIMB Thai is a commercial bank in Thailand with 147 branches across the country offering a wide range of financial solutions to both retail and corporate customers. It also offers stockbroking and corporate advisory, mutual funds, wealth management and insurance products and services through its subsidiaries.
CIMB Thai, formerly known as BankThai, became a part of CIMB Group in 2009, when CIMB Group acquired 93.15% of its shares. As at 30 September 2009, CIMB Thai’s total assets and shareholders’ funds were THB126 billion and THB 7.7 billion respectively.
About Grand Unity Development
Grand Unity Development Co., Ltd. was established in 2001 by 3 groups of major shareholders namely Univentures PLC, which holds 60%, LPN Development PLC, which has 20% and Yaowawong Holdings Co., Ltd., which holds the remaining 20%. The company focuses its business on developing projects with construction and financial problems and so far has had over 7 projects under management worth over 5.2 billion baht in combined value. These projects include Lumpini Place Water Cliff and Grand Park View Asoke. The company currently has 600 million baht worth paid up registered capital.
For more information about CIMB Thai Bank:
Corporate Communications Office,
CIMB Thai Bank Public Company Limited
Mrs. Karnpitcha Tanajindalerd
Ms. Morrakot Jiranitirat
Tel: 0-2638-8000 Ext: 8249, 8259 Fax: 0-2633-9053