snoop1130 Posted December 2, 2021 Share Posted December 2, 2021 Central Retail Corporation, Thailand’s leading retail conglomerate, has announced the conclusion of a partnership deal with the Thai unit of Singapore-headquartered ride-hailing application Grab, Grab Taxi Holding (Thailand) Company Limited. Central invested 4.5 billion baht to purchase 133,545,740 shares, or a 67% share of Porto Worldwide Limited, a shareholder in Grab Taxi Holding Thailand, which will enable the retailing giant to acquire a significant non-controlling stake in Grab’s Thailand unit. The landmark investment represents the first time an investor has bought into a local Grab unit and will help strengthen Central’s businesses, which cover restaurants, hotels and more than 30 malls in Thailand. It also has operations in other markets, including Vietnam and Indonesia. Full Story: https://www.thaipbsworld.com/central-retail-corp-invests-฿4-5-bn-in-grab-thailand-shares/ -- © Copyright Thai PBS 2021-12-02 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
ThailandRyan Posted December 2, 2021 Share Posted December 2, 2021 Going all in it appears Link to comment Share on other sites More sharing options...
kamalabob2 Posted December 2, 2021 Share Posted December 2, 2021 Perhaps they read the writing on the wall with regards to the decline in retail shopping centers and decline in mainstream department stores. Central might be very prudent to diversify. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted December 3, 2021 Share Posted December 3, 2021 15 hours ago, snoop1130 said: The landmark investment represents the first time an investor has bought into a local Grab unit and will help strengthen Central’s businesses, which cover restaurants, hotels and more than 30 malls in Thailand. It also has operations in other markets, including Vietnam and Indonesia. A strategic move in these times, customer base is down in malls as far as eat-in food is concerned, so get involved in the take-away delivery service. Link to comment Share on other sites More sharing options...
Eric Loh Posted December 3, 2021 Share Posted December 3, 2021 3 hours ago, hotchilli said: A strategic move in these times, customer base is down in malls as far as eat-in food is concerned, so get involved in the take-away delivery service. Grab is more than just food delivery. An amazing success story that was founded as a taxi-hailing company 9 years ago by a Malaysian and since headquatered in Singapore and debuted in DOW. 1 Link to comment Share on other sites More sharing options...
chilly07 Posted December 3, 2021 Share Posted December 3, 2021 This explains why of late Grab deliveries don't turn up in the rain and when they do some items are accidentally substituted as they have more than one delivery in their bag! Link to comment Share on other sites More sharing options...
GreasyFingers Posted December 3, 2021 Share Posted December 3, 2021 4 hours ago, Eric Loh said: Grab is more than just food delivery. An amazing success story that was founded as a taxi-hailing company 9 years ago by a Malaysian and since headquatered in Singapore and debuted in DOW. So they actually make a profit, not like some of the other taxi/food delivery types? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now