October 7, 2013 / 3:05 AM / 4 years ago

Thai CP Land to raise $319 mln with sale of property fund

BANGKOK, Oct 7 (Reuters) - The Thai real estate company controlled by Charoen Pokphand Group (CP) plans to raise about 10 billion baht ($319 million) with the sale of a property fund next month, the company said in a statement on Monday.

CP Land Co Ltd, controlled by Thailand's richest man, Dhanin Chearavanont, said the offer price would not be higher than 11 baht per unit.

$1=31.3 baht Reporting by Saranya Sunsomkij; Writing by Orathai Sriring; Editing by Paul Tait

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