Amata Corp Pcl, a major industrial estate developer in Thailand, plans to invest $1 billion in the construction of the Amata Smart and Eco City in northern Laos. The Lao government has granted a concession to the Amata to build an industrial estate on a 410ha site in Natuey in Luang Namtha province.
VIENTIANE (Vientiane Times/Asia News Network): Amata Corporation, a major industrial estate developer in Thailand, plans to invest US$1 billion in the construction of the Amata Smart and Eco City in northern Laos.
SET-listed Amata Corporation Plc, an industrial estate developer and operator, is continuing its overseas expansion through the US$1 billion construction of Amata Smart and Eco City in Laos.
TRIS Rating affirms the company rating on Amata Corporation PLC (AMATA) and the ratings on AMATA?s senior unsecured debentures at ?A-?, with a ?stable? outlook.
The ratings continue to reflect the company?s proven record as one of the leading industrial estate developers in Thailand. The company?s strengths are underpinned by its sizable base of recurring revenues from the sale of utility services and dividend income from its investments in several power plants. Nevertheless, the ratings are constrained by the company?s elevated leverage, coupled with the country and regulatory risks associated with AMATA?s overseas operations. The ratings also take into consideration the impact of the Coronavirus Disease 2019 (COVID-19) pandemic, which has brought about a significant decline in investment activities as well as Thailand?s slow pace of economic recovery.
Amata Plc to slow investment in B30 bn Myanmar industrial zone after coup
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published : 2 Feb 2021 at 17:29 FILE PHOTO: Vikrom Kromadit, chief executive of Amata Corporation Plc (Photo supplied)
Industrial estate developer, Amata Corporation Plc on Tuesday said it was slowing down investment to an industrial complex in Myanmar s largest city, Yangon, over worries of foreign sanctions and unrest following a coup. We have to slow down, chief marketing officer, Viboon Kromadit, told reporters in a virtual briefing, adding the company was assessing the situation daily.
Amata has so far developed 200 acres of the estate, investing just 140 million baht, he said, adding it took the firm five years to obtain the business licence.