IR Press Releases

Noble Development Public Company Limited (Noble) announced on October 11, 2019 that the company’s majority shareholders Mr. Thongchai Busrapan and a Singapore-based company, NCROWNE PTE. LTD. (NCROWNE) by Mr Frank Lueng has today acquired 17.66% of Noble’s shares from Mr. Kitti Thanakitamnuay.

After this acquisition, Mr. Thanakitamnuay ceases to hold any shares in the company. Mr. Busrapan and NCROWNE will each hold 24.93% of the company’s shares, with BTS Group Holdings Public Company Limited (BTSG), the third largest shareholder in Noble holding over 9%. The transaction will have no implications on Noble’s management team and structure.

With a stable and strategic group of shareholders in the company now in place, Noble will continue to implement the strategy to maintain its position as one of the leaders in the condominiums market in Bangkok, said Mr. Thongchai Busrapan, Chairman and Co-CEO of Noble. “The company has had a record breaking first six months of 2019 and we are hopeful that our outstanding performance will continue in the upcoming quarters and years ahead.”