Developments) Limited. The joint venture (51:49) led to a change in accounting treatment on this project, from previously Consolidation to Equity Method. This activity was resulting in a decrease in Cost of
enterprise in which some projects were postponed bidding from previous years. In the year 2019, the Company had delivered large-scale project more than 1,000 MB, which was the largest-scale project that the
construction is completed and the ownership of such construction project has been transferred to the customers. 1. As of 30 September 2017, Details and progress of the Company’s residential projects are as
Project CROSSROADS Phase 1 which commenced the operation on September 1, 2019. Significant Developments Disposal of shares On February 17, 2020, according to the terms under the Joint Venture Agreement, in
Quarter3/2019 Differentiate Million THB % Million THB % Million THB % Revenues Revenues from sales of real estate 3,224.7 79.9 3,153.6 86.9 ( 71.1 ) (2.2) Revenues from project management 433.7 10.7 358.4
biomass power plant project with installation capacity 7.5 MW of Prize of Wood Green Energy in Narathiwat Province which this project is held 99.99 percent of tota l shares by SAFE. The Company could start
”) is the joint venture that the Company holds 33.37%. Currently, the project has commenced the operation of biomass gasification power plant of 7.5 MW of Prize of Wood Green Energy Co., Ltd. (PWGE). SAFE
of Baht 1 million was described as followed: 1. SAFE Energy Holdings Company Limited (“SAFE”) is the joint venture that the Company holds 33.37%. Currently, the project has commenced the operation of
joint venture agreement with Mitsubishi Estate Asia to jointly develop OCC project, the grade A office building for rent. For the second half of 2019, the Company is planning to launch 2 condominium
share in residential industry, also gained the most popularity in condominium brand in Japan. Thus the opportunity to enter a joint venture to develop condominiums together will ultimately enhance the