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Vasseti enters Thailand Market
Vasseti enters Thailand Market

By Vasseti IR
Dated 15 February 2012

Vasseti establishes its presence in Thailand with the opening of its office in CyberWorld Tower, Bangkok.

KUALA LUMPUR – FEBRUARY 15, 2012 – Vasseti (UK) Plc (Frankfurt: 1VS) announced that it has established its presence in Thailand with the incorporation of its local investment holdings corporation i.e. Vasseti Limited (Thailand), which is a wholly owned subsidiary.

Vasseti Limited (Thailand) is located on the 21st floor of the much coveted CyberWorld Tower at Ratchadapisek Road. It is located in a 5-star office building complete with the state-of-the-art network connectivity and in-building independent data centre.

In line with its planned regional business expansion, Vasseti is looking into acquiring a Thailand-based telco-licensee to expand its fibre-optic network infrastructure footprint. Currently, Vasseti owns multiple cross-border network infrastructures in Malaysia and will soon have the same in Thailand and Singapore.

“We have planned this for many months now and it is time for us to start implementing all our regional plans”, said Mr Ranjeet Singh Sidhu, the GMD of Vasseti Group.

“I am really excited about this development because Thailand is a big market for Vasseti’s businesses. From telecommunication and information technology to real estate, Thailand has much untapped demands to fulfil”, he added.

With an overall population of more than 60 million and a thriving economy, once known as the Tiger of Asia, Thailand has so much to offer to Vasseti group – especially in its capital, Bangkok, with more than 12 million inhabitants.

CONTACT Investor Relations Team
CATEGORY Information & Communications Technology

About Vasseti

Vasseti (UK) Plc (“Vasseti”) is a large, diversified conglomerate based in Kuala Lumpur. It is listed on the Frankfurt Stock Exchange (“FSE”) trading under the Symbol 1VS:GR and is fully reporting on the FSE Entry Standard. It is an investment holding company with business interests in the field of network telecommunications, information technology, advertisement and real estate. Vasseti consists of companies and businesses that were established from as long as fifteen years ago to several new, high growth business ventures it initiated recently. The Company has already built a successful base in Malaysia and now plans to channel its resources to replicate its business model in the neighbouring countries especially within the South Asia region linking Indonesia, China and India, and possibly expanding towards the Middle East and North Africa thereafter. The Company intends to connect all the population within the catchment or business footprint to a single virtual world that is interlaced with brick and mortar business of real estate development and construction works. It is envisaged that the product and services offered by the Company may be reachable by almost 50% of the world population by the year 2020. Its strategy is to penetrate each market through mergers and acquisitions (M&A) and eventually becoming the market leader in those emerging markets. This forms part of Vasseti’s global expansion plan and having its presence in the most productive and profitable manner. Apart from these businesses, there are other supporting businesses which are either in the early stage of development or in its infancy such as the engineering, plantation, HR services, security services, fleet management, office automation business and private jet charter services.

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