Bangkok (VNA) - Logistics giant WHA Corporation (WHA) is planning to acquirea solar farm and a tap water business in Vietnam next year once the Thaigovernment eases travel restrictions, according to The Nation.
WHA chief executive officer Jareeporn Jarukornsakul said the two planned Vietnamacquisitions along with WHA’s Thai digital platform business will help thecompany generate revenue next year.
The company will postpone investment in land for factories and warehouses thisyear because land use has not increased, said Jareeporn, adding that WHA willannounce its operating plan at the beginning of next year. Company profit thisyear was lower than in 2019 since land deals in Thailand and Vietnam areexpected to drop to 600-700 rai (960,000-1.12 million square metres) from thetargeted 900 rai due to the COVID-19 lockdowns, she said.
"Meanwhile, we are waiting to find out whether the company can lease about200,000 square metres of land this year or not," she said, adding that ithad already leased 100,000 sqm this year.
However, she said this was not a concern as the company was able to diversifyrisks, while expecting to realise gains from sales of assets to WHA PremiumGrowth Real Estate Investment Trust (WHART) and Hemraj Leasehold Real EstateInvestment Trust (HREIT) of 4.6 billion THB this year.
She added Goertek Precision Industry Vietnam (Goertek Vina) had bought 253 raiin WHA Industrial Zone 1-Nghe An, to be transferred by the end of this year.
"The company plans to develop this industrial zone to attract moreinvestors," she added./.
WHA chief executive officer Jareeporn Jarukornsakul said the two planned Vietnamacquisitions along with WHA’s Thai digital platform business will help thecompany generate revenue next year.
The company will postpone investment in land for factories and warehouses thisyear because land use has not increased, said Jareeporn, adding that WHA willannounce its operating plan at the beginning of next year. Company profit thisyear was lower than in 2019 since land deals in Thailand and Vietnam areexpected to drop to 600-700 rai (960,000-1.12 million square metres) from thetargeted 900 rai due to the COVID-19 lockdowns, she said.
"Meanwhile, we are waiting to find out whether the company can lease about200,000 square metres of land this year or not," she said, adding that ithad already leased 100,000 sqm this year.
However, she said this was not a concern as the company was able to diversifyrisks, while expecting to realise gains from sales of assets to WHA PremiumGrowth Real Estate Investment Trust (WHART) and Hemraj Leasehold Real EstateInvestment Trust (HREIT) of 4.6 billion THB this year.
She added Goertek Precision Industry Vietnam (Goertek Vina) had bought 253 raiin WHA Industrial Zone 1-Nghe An, to be transferred by the end of this year.
"The company plans to develop this industrial zone to attract moreinvestors," she added./.
VNA
