DPAINT Acquires CPR, Advancing Development of The City Phuket Building C

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Summary · why it matters

See Delta Public Company Limited, or DPAINT, has acquired The City Phuket Residence Company Limited, or CPR, the developer of The City Phuket condominium project, and is preparing to invest in the development of Building C to create a new revenue stream. This expansion into the real estate business is DPAINT's strategy to diversify its income sources and build a new growth engine for long-term growth. Additionally, DPAINT can leverage its strengths in architectural paints, construction chemicals, and construction expertise to support the project development, enhancing operational efficiency and cost management.

Impact on assets 1

Materials▲ · 1 stocks
Delta Paint PCL
DPAINT
▲ PositiveCapitalrelevance

Acquiring CPR and investing in Building C diversifies income and creates new revenue stream.

Off-coverage companies 1

The City Phuket Residence Co., Ltd. (CPR)Private▲ Positive
Capitalrelevance

Acquired by DPAINT, gaining support for development of Building C.