Central Pattana Plc (CPN) has signed a memorandum of understanding (MoU) to acquire ordinary shares of Siam Future Development (SF) from Major Cineplex Group, equal to 30.36% of all issued shares at a price of 12 baht per share or 7.7 billion baht.
The transaction is expected to be completed at the end of August, with a tender offer for the remaining shares filed afterwards.
The acquisition reinforces CPN’s property development portfolio, with two large regional malls — Central WestGate and Megabangna — helping the company grow together with partners like Ikea.
Together with other businesses within Central Group, the company plans to expand its community mall business and develop new projects on various land banks in Bangkok’s central business district…
