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Published on October 10, 2007

Managing director Donpiwat Preedawiphat said the projects would include detached houses and condominiums targeted at the middle to upper market.

The company will raise funds from the Stock Exchange of Thailand (SET) next year by increasing its registered capital to Bt1 billion, from Bt750 million now.

Donpiwat said the company's financial adviser would apply near the end of this year for the company to become listed on the SET. The Finance Ministry's policy of reducing corporate income tax from 30 per cent to 25 per cent for companies that apply for listing expires at the end of the year.

Thanapat plans to raise funds from the market next February.

After becoming listed, the company expects its sales to grow up to 10 per cent a year.

Yesterday, the company launched its first city condominium. The Bt2-billion Thanapat Vipha project on Vibhavadi-Rangsit Road is close to the Sun Tower. With prices starting at Bt1.46 million, it will target the middle-income market.

The project will help to drive Thanapat's revenue to achieve its target of nearly Bt2 billion this year. It received Bt1.5 billion in the first nine months.

Somluck Srimalee

 The Nation