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bring the Company an opportunity to enter into real estate development and retail business adding revenue diversification and minimizing concentration risk in hotel business portfolio. 2018 Capital
of last year’s disposal of subsidiaries owning land plots at Bangkrachao; (xi) a decrease in real estate projects under development of THB 620mn. 35,710 46,886 4,352 7,475 40,062 54,361 31 Dec 17 30
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Page 1 of 5 Performance Overview In 1Q18 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a 7% YoY decrease in total revenues, mainly from a drop of revenues from
of 33 years, to use in its business operation. One Sukhumvit 24 has also planned an investment in other types of real estate development business, e.g. hotels, serviced apartments, office buildings for
deeds numbered 386, 730, 1323, and 117548, for the lease term of 33 years, to use in its business operation. One Sukhumvit 24 has also planned an investment in other types of real estate development
from real estate sales, which was the main source of income for 2019. In this regard, the analysis of the operating results of the Company could be explained as follows: Rental and Service Income and