recognized revenue (24 residences in 2016). The remaining residences are expected to be transferred in 2018. MahaNakhon Project: Currently, the progress construction of MahaNakhon project is still under
no. 131527 Kalong Sub-district, Muang Samut Sakhon District, Samut Sakhon, total land area of 93 rai 3 ngan 61 square wah (37,561 square wah), together with building as per construction permission No
amount of THB 3.55 million (2 installments). The remaining amount to be paid upon the Agreement is THB 5.33 million. Currently, hydraulic platform construction work has progressed to around 50 percent. 4
construction permission No. 196/2537, total utilized area of 36,964 square meters at the price of Baht 550,000,000 (Five hundred fifty million) (“Land and Buildings of Subsidiary company”), which is in
detail is as followed: 1.) To repay the short-term liabilities and some portion of account payables of total THB 30 – 40 mn 2.) To fund the future construction projects. Due to the financial difficulties
mn 2.) To fund the future construction projects. Due to the financial difficulties of company, company could not secure the new backlog. The proceed from capital increase shall allow the company to
for power generation in the power plants which are currently under construction of approximately 425 MW and steam of approximately 73 tons per hour. In this regard, in 2020, all of the power plants in
in Plant, Property and Equipment (PP&E) of subsidiaries in which the power plants are in construction. Moreover, for the first half of 2018, GPSC and its subsidiaries had received net cash of Baht
approximately 25 percent). The capacity expansion project began construction in September 2018 and is expected to be completed and commence commercial operation approximately in September 2020. After the