RML completes ‘Phase One’ of its capital increase

RML completes 'Phase One’ of its capital increase
RML completes 'Phase One’ of its capital increase

RML (Raimon Land Public Company Limited) has successfully completed the first phase of its registered capital increase

The company is ready to proceed with organizational reforms

and project development as planned under the leadership of Brenton Mauriello AM. On May 16, 2024,

RML receive funds from the offering of additional common shares to Woodchester Investing Capital Limited,

which is headed by Kris Narongdej, totaling approximately 580 million baht.

Additionally.RML is please to have Muang Thai Insurance Public Company Limited as a shareholder of RML.This investment by Muang Thai Insurance PLC further reinforces the confidence of the market and leading Thai institutions in RML as we seek to realise our full growth potential.

Welcome  a significant new shareholder 

Brenton Mauriello AM, chief executive officer of RML
Brenton Mauriello AM, chief executive officer of RML

Brenton Mauriello AM, chief executive officer of RML, comment

“We are incredibly please to have successfully secure the first phase of our capital increase

and to welcome such a significant new shareholder. These funds will enable us to drive the organization forward in line

with our recently announced growth strategy into the ultra-luxury segment.”

RML or Raimon Land Public Company Limited is a leader of luxury and ultra-luxury real estate development in Thailand

that has been behind the success of various outstanding and notable projects for over 35 years.

These projects include ‘The River’, ‘185 Rajdamri’,

and ‘The Diplomat’ luxury condos, and ‘OCC” – the Grade A+ luxury office building in the heart of Phloen Chit,

To name a few. Each project of RML is uniquely design base on environmentally-friendly yet highly practical concepts

with every building detail featuring best-in-class materials,

and is located on high potential location that further enhances the spectacular scenic view of Thailand.

Over the past several decades, RML and its projects have earned a number of prestigious accolades from many leading institutions. It has to date developed more than 25 real estate projects,

valued at over 150 billion baht, encompassing 5,600 units equivalent to over 1 million square meters in total area. The company is fully committ to continually pursuing luxury and ultra-luxury projects in prime areas that offer appreciating future value.

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