investment in ONE CITY CENTER (“OCC”) – grade A office building development project for a total investment value of THB 8,771.4mn. Management outlook and future projects Despite the real estate market in
growth. In 2019, the real estate sector was beginning to face a slowdown as a result of various negative factors, particularly the Bank of Thailand’s Loan to Value (LTV) measure. The situation is worrisome
financial statements in Q1/2020 of the Company and subsidiary companies to the Stock Exchange of Thailand as follows: L.P.N. Development Public Co., Ltd. and subsidiary companies are developers of real estate
Company also has a plan to grant long-term lease of such asset to S Prime Growth Leasehold Real Estate Investment Trust (the “REIT”) However, the lease of Metropolis Office Building will be completed under
% when compared to 2017. Mana Patanakarn Co., Ltd., the Company’s subsidiary company which does real estate development business, has transferred the ownership of houses and condominium “Aspen Condo” phase
loan 22,632 9.1 21,663 9.1 4.5 Commercial Lending 63,469 25.6 60,899 25.6 4.2 Real Estate Development loan 34,492 13.9 31,591 13.3 9.2 SMEs loan 28,977 11.7 29,308 12.3 (1.1) Corporate Lending 26,349
the real estate has an income guarantee, specify significant information such as conditions of the income guarantee agreement and information on the guarantor and credit rating (if any); - summarized
In the third quarter of 2019, the company's real estate development costs decreased from the same quarter of 2018 equal to 21.71% since the 3rd quarter of 2019 Aspen Condo Phase B cost is lower than
considered and approved the material matters as follows: 1. Asset Disposal Transaction of the Company 1.1 The Board of Directors of the Company resolved to approve the joint venture with Nomura Real Estate