The Chirathivat family will set up CG Capital Advisory Ltd, a private equity fund with capital of 10 billion baht to invest in the hotel and real estate business.

With the plan to list Central Retail Corporation (CRC) on the Stock Exchange of Thailand this year, Thai conglomerate Central Group will have its three core businesses listed on the SET with market capitalisation at more than Bt700 billion, or about four per cent of the bourse’s Bt17.67 trillion market cap.