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Bangkok Post
Bangkok Post
Business

Siamese Asset plans major cloud kitchen expansion

SET
Mr Suphon says that food delivery has become common for customer groups of all ages.

SET-listed developer Siamese Asset plans to invest 1.5 billion baht to expand its food, wellness and spa businesses between 2022-2026 as part of its strategic plan to reduce risks.

Suphon Chongchintaraksa, the company's chief financial officer, said that 300 million baht per year will be used to mostly open cloud kitchens in Bangkok and suburban areas. Cloud kitchens prepare food solely for delivery or takeout.

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