- Business
- Polaris Capital Public Company Limited (POLAR.BK) develops and sells properties in Thailand, including single-family homes, townhouses, condominiums and resorts; it also engages in bitcoin mining machine rental and short-term and long-term car rental services. The company, formerly known as Wattana Capital Public Company Limited, changed its name to Polaris Capital Public Company Limited in January 2015 and operates primarily in the real estate development and diversified services sectors targeting residential and commercial customers in Thailand. Incorporated in 1993 and headquartered at 503/34 KSL Tower in Bangkok, Thailand, it employs 154 people under Chief Executive Officer Yannakorn Warakunrak. In recent developments, the company's shares faced delisting from the Stock Exchange of Thailand with January 27, 2025, marking the last trading day, reflecting significant operational and structural shifts amid reported net losses and minimal revenue of 460,000 THB trailing twelve months. Earlier, affiliates associated with Northstar Group sold stakes in related financial entities like Thai Credit Retail Bank to Olympus Capital Asia, indicating portfolio adjustments in the broader investment landscape, though no new acquisitions, funding rounds, partnerships or product launches were announced for Polaris Capital itself in 2024 or 2025.