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Thailand Real Estate – China’s Junfa to join up with Charn Issara

thailand-property-2015-01-27_105305CHINA-BASED Junfa Real Estate Co Ltd has made its first investment in Thailand by setting up a joint-venture company with Thai firm Charn Issara Plc to develop a Bt3 billion project in Phang Nga for 2015.

“We invested in Thailand when we saw the business potential to expand in Asean,” Junfa chairman Li Man Bun said.

Junfa was ranked a top-100 excellence enterprise in China’s real estate sector from 2010-12. The company has focused on developing projects in various locations in China.

Charn Issara chief executive and managing director Songkran Issara said that having a strategic partner in China meant there was the potential to expand Charn Issara in China. “We are negotiating with Junfa Real Estate Co Ltd to manage Junfa Real Estate Co Ltd’s hospitality businesses in China, and there may be two or three in the next two or three years,” he said. He added that the company would sign a management contract to run a hotel in Patong in the second half of the year. Over the next few years, the company plans to manage up to five hotels in Thailand and overseas.

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Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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