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Monday, April 29, 2024

Pruksa plans spending spree

Pruksa plans spending spree

Developer to invest B3.5bn in startups

Mr Uten says the company will combine its real estate and healthcare business into one.

SET-listed developer Pruksa Holding Plc (PSH) will invest 3.5 billion baht in property and healthcare technology startups to strengthen its core businesses and boost recurring income, after going through a restructuring and a clearance of its inventory over the past two years.

Chief executive Uten Lohachitpitaks said the company will synergise its two core businesses of property development and hospitals with technology and innovations as it plans to invest in startups through joint ventures over the next 3-5 years. Some of these startups will be in the fields of genomics and chemical laboratories.

“We…

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