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healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.10 times. 2018 Outlook Maintain 2018 forecast, yet adjust down new hotels opening • Despite Boat
Wroclaw is expected to open in 2021. The Acquisition of the ordinary shares in Trebren Investments Sp.z.o.o. 20 September 2019 Vienna House Hotelmanagement GmbH or VHHM (formerly known as Vienna
Vienna House and Absolute Hotel Services Hong Kong, signed new hotel management service agreement for 775-key Vienna House Vung Tau Hotel in Vietnam. MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019 U
. By 2020, the Company plans to increase its managed hotels (Asset light) by 2,000 rooms in 9 locations abroad and to open 1 owned hotel in Thailand (ASAI Chinatown). In addition, the Company is
(Asset light) by 2,000 rooms in 9 locations abroad and to open 1 owned hotel in Thailand (ASAI Chinatown). In addition, the Company is currently studying the opportunity to expand its luxury villa
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are under decorating and continue to open; 4.) CentralPlaza Lardprao, which has been renovated under the introduction of new destination concepts as well as integrate the mall entrance area with the
or equivalent to 60 percent of the total shares in Oversea Green Energy Company Limited which invests in the project management service of Iwaki-Fukushima and Ueda Solar Power Projects in Japan to the