GLOBAL Moves to Real Estate, Oil and Mineral Exploration Businesses in Philippines

Siam Global House Public Company limited (SET: GLOBAL) has announced that, on 17 June 2022, the company has signed the joint venture agreement with Cosco Capital Incorporated which operated various businesses in the Philippines such as retail business in consumer goods, Real Estate, including Oil and Mineral Exploration.

GLOBAL stated that it would establish Global House Philippines Co., Ltd. (GBP) to operate modern trade retail stores and related businesses to distribute building materials and home improvement products, as Global House in Thailand, in Philippines. Also, the company would found Global House Philippines Estate Co., Ltd. (GBP ESTATE) to own lands to develop Global House stores in the Philippines.