Land & Houses Plc plans to raise 3.3 billion baht from the sale of a property fund in the first quarter of this year.
The country's largest property developer will retain a 15% stake in the fund, and the Government of Singapore Investment Corp will own 15%, the Thai company said yesterday in a regulatory filing. GIC, which manages more than $100 billion of Singapore's reserves, owns 16% of Land & Houses. Full story
