The company, which claims to be Asia’s most successful operator of private forests, already has 400 clients investing in its first three agarwood plantations in Prachin Buri.
Around 60% of investors are Thais, while the rest are from Sri Lanka and the Middle East.
However, Steve Griffin, group accountant of Touchwood, said the company’s name was unfamiliar to many Thai people and listing on the country’s Stock Exchange would improve credibility and sales opportunities.
According to chief executive Pierre Maloney, the company plans to purchase 10 land plots in Prachin Buri totalling 1,900 rai. The land would be owned by Touchwood Forestry, of which 51% of the shares belong to Thai shareholders.
