CP Group share prices dip after investment in real estate JV

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Bangkok Post 5h ago

CP Group share prices dip after investment in real estate JV - Bangkok Post

Quick Summary:

The share prices of companies under Charoen Pokphand (CP) Group, including CP Axtra Plc (CPAXT), fell across the board in morning trade on Monday after the retail and wholesale business operator officially announced investment of nearly 8 billion baht in real estate joint venture Happitat at the Forestias (HATF).

Convenience store operator CP All (CPALL) fell 4.8% to 55.9 baht and Charoen Pokphand Food (CPF) lost 0.83% to 23.8 baht.

Shares of CPAXT, which operates retail under the brand Makro, a wholesale business under Lotus's, plunged 15.8% or 5.50 baht before noon to 29.25 baht.