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Robinson plans branch on Patong beach

Robinson Department Store Plc's board of directors approved the capital increase in CR Phuket (Thailand) Co Ltd (PK) which Robinson holds a 49.99 per cent stake.

PK is a venture company between CRT and Phuket Ocean Group Co Ltd to operate Robinson Department Store in Phuket province. This capital increase will be used for a part of source of fund to invest in its second branch, Robinson Ocean Jungceylon, said Robinson's vice president for finance, Parivat Sopasit.

In the filing to the Stock Exchange of Thailand, the second branch will be located on the Patong beach. It will require an investment of Bt132 million comprising renovation, system and working capital.

PK will raise the capital by Bt66 billion and its internal cashflow of Bt66 million.

Details of its capital increase will be disclosed later.

- The Nation

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Robinson plans branch on Patong beach

Robinson Department Store Plc's board of directors approved the capital increase in CR Phuket (Thailand) Co Ltd (PK) which Robinson holds a 49.99 per cent stake.

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