IFA to Loan THB 395 million to Raimon Land

Category: Real estate, Posted:26 Mar 2009 | 13:42 pm

High profile developer Raimon Land is set to obtain a short term loan of THB 395 million at an annual interest rate of 10% from one of its primary shareholders IFA Hotels and Resorts. In a notice to the Stock Exchange of Thailand the key terms and conditions have been disclosed in a connected transaction and that no collateral has been posted for the bridge loan.
Raimon Land has developed Kata Gardens, The Heights and is yet the launch the Amalfi project in Phuket. The stated purpose of the loan in the notice posted on the company website is the repayment of debt and working capital for projects current under development. Shares in the company are currently trading at twenty satang.
While Thailand's residential market has been hard hit by the current economic downturn, this announcement restores a certain degree of confidence in recognition of overseas investors such as IFA towards improvements in market recovery.

Other News

RISE 2025 Event Announced – Reshaping Hospitality by Empowering Women

Category: Hotels|Tourism, Posted:03 Jul 2025 | 07:30 am RISE 2025 – Reshaping Hospitality by Empowering Women is a full-day learning and development event dedicated to advancing women in hospitality. Centered around the theme of rising together, the event provides an inspiring platform for career growth, skill-building, and meaningful dialogue. Attendees will experience a dynamic day that includes a main keynote session, practical workshops, […]

New Asia Branded Residences Market Report Released by C9 Hotelworks

Category: Hotels|Real estate, Posted:24 Jun 2025 | 10:13 am Branded Residences in Asia climbs to a historic high of USD30.7 billion, with Thailand leading by market share, according to C9 Hotelworks new report. Of note, Vietnam is forecasted to lead Asia with one in four branded residence units, recorded as the region’s largest pipeline in data from the newly released Asia Hotel Branded Residences […]

Session Videos From Being Thailand 2025 Wellness Event

Category: Hotels|Tourism, Posted:16 Jun 2025 | 12:05 pm In case you missed the Being Thailand 2025 event in Phuket on 19th May 2025, we are circulating videos of the main stage presentations. C9 Hotelworks is proud to have co-organized with QUO Global and Mrs B Group this amazing full-day active event about wellness, wellbeing, and tourism. Over 600 people registered for the event, […]

More Insider News