RML’s shareholders grant the 100% greenlight for the increase of capital by 3,588 million during the Extraordinary General Meeting of Shareholders No. 1/2024.
RML (Raimon Land Public Company Limited) led by Brenton Justin Mauriello, Chief Executive Officer, Kris Narongdej, Korn Narongdej, together with committee members and the management attended the 1st Extraordinary General Meeting of Shareholders for the year of 2024 through electronic means exclusively.
The key agenda to seek for the approval of the plan to increase the registered capital by 3,588 million baht from the current 4,172 million baht, resulting in a new total of 7,760 million baht being greenlighted unanimously.
This successful capital increase reflects the confidence that the shareholders have in the company. This boost in capital will fortify the company’s financial position and provide funding to support future business expansion. During the meeting, the rest of the agenda was also unanimously approved.
“On behalf of the management, we extend our heartfelt gratitude to all shareholders and stakeholders for their unwavering trust and faith in our company. This successful capital increase, will help strengthen our organizational capacity to grow and become a leader in luxury and ultra-luxury real estate development in Thailand,” Kris said.
About RML
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 36 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 but a few. Each project of RML is uniquely designed based 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 150,000 million baht, encompassing 5,600 units equivalent to over 1 million square meters in total area. We are fully committed to continually pursuing luxury and ultra-luxury projects in prime areas that offer appreciating future value.
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