A representative from Lombard has joined the company’s board of directors. Lombard subscribed to a special issue of five-year convertible debentures, convertible into ordinary shares representing a 20.2% equity interest in the company.
Thomas Smith, managing director of Lombard, said: We are delighted to work with KLand’s management team as we support the company’s next level of growth and success. We see significant growth opportunities for the company due to rising domestic and international demand for well-located, amenity-rich, Bangkok CDB housing for Thai and expat professionals.
