Bina Puri in JV to develop RM200mil GDV Bangkok resort

Bina Puri Properties chairman Tan Sri James Foong Cheng Yuen announced the joint venture with a Thailand-based developer and a Chinese businessman to develop the RM200mil GDV Bangkok Marina Resort and Spa.

KUALA LUMPUR: Bina Puri Holdings Bhd has entered into a joint venture with a Thailand-based developer and a Chinese businessman to develop the Bangkok Marina Resort and Spa, a project with a gross development value of RM200mil.

At the press conference, Bina Puri Properties Sdn Bhd chairman Tan Sri James Foong Cheng Yuen said the development would be undertaken by a special purpose vehicle in which Bina Puri holds 56%, Thailand-based UFUN Group Ltd 29%, and businessman Tang Cong Shun 15%.