Media Debt-Ridden Firm – Nation group to sell B1.6bn in non-core assets

MEDIA DEBT-RIDDEN FIRM - Nation group to sell B1.6bn in non-core assets - Bangkok Post , August 28, 2007
Nation Multimedia Group Plc, the publisher of The Nation and Krungthep Turakij daily newspapers, expects to sell its non-core assets worth 1.6 billion baht in a bid to lower financial burdens and improve its balance sheet. Thanachai Santichaikul, the company's vice-chairman, said non-core assets up for sale included the 40-storey Nation Tower on Bang Na-Trat Highway Km 4.5, 30 rai of land next to the printing house on Bang Na-Trat Km 29, and some pieces of land in Chiang Mai, Hat Yai and Khon Kaen...
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