ORI Forms Joint Venture Companies with “Bunpha 2020” to Engage in Real Estate Development
ORI, through its subsidiaries, has reached joint venture agreements with "Bunpha 2020" to establish a new registered company in order to on real estate development and office building rental
Origin Property Public Company Limited (SET: ORI) announced that it has approved Origin Condominium Company Limited, a subsidiary of which owns 100% of the shares, to establish a new registered company and enter into a joint venture agreement with Bunpha 2020 Company Limited, namely Origin Bunpha Bangna Co., Ltd., to focus on real estate development, with the registered capital of THB1,000,000.
ORI also approved One Origin Company Limited, a subsidiary of which owns 100% of the shares, to establish the new registered joint venture company with Bunpha 2020 Company Limited, namely One Origin Bunpha Bangna Co., Ltd., to focus on office building rental, with the registered capital of THB50,000,000.
The signing of both Joint Venture Agreements was successfully completed on 9 November 2021.