International - Thailand

  • Bangkok, Thailand - Glomac has taken the first step towards exploring business opportunities in Thailand. Through our subsidiary, Glomac Thailand Sdn Bhd, we have recently signed a joint venture agreement with Warehouse Asia Alliance Company Limited (WAA) of Thailand.

    WAA specializes in the warehousing and logistic services in and around the Bangkok Metropolitan area.The construction of the company has been completed, a huge "build-to-suit" warehouse, which will be leased for a period of 15 years to a renowned international pharmaceutical company on Mid July 2007.

    On 14 September 2011, Glomac Thailand Sdn Bhd entered into a Share Sale and Purchase Agreement with WHA Corporation Co. Ltd. for the disposal of the investment for Baht 289.91 million (RM30.92 million).