HomePro mulls investment in Cambodia
HomePro, a leading home improvement retailer in Thailand, is mulling expansion to neighboring countries – including Cambodia next year – with an investment budget of between $170 million and nearly $200 million. Rakpong Aroonwatdhana, HomePro’s head of investor relations, is quoted by the Bangkok Post as saying that in addition to Malaysia, HomePro is exploring Cambodia, Laos, Myanmar and Vietnam to maintain its revenue while the Thai economy is still relatively slow. “HomePro is also looking at expanding its business into CLMV within the next year or two,” Mr. Rakpong said. “Thailand’s economy is relatively slow compared with other countries, so we would rather slow down domestically and strengthen our presence in new markets in ASEAN.”
