Shopping mall Promenada in Chiangmai suddenly stopped at the beginning of this month. All tenants were given 3 days to remove their goods because electricity would then be cut off. The company (with a Dutch touch) has a debt to an electricity company of approximately TBH 20 million.

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Chiang Mai, the northern city in Thailand, has a Dutch drama of some magnitude. More than 400, mainly Dutch investors are 40 million euros poorer due to a completely failed real estate project in the city: the Promenada shopping center. 

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