-depth information on real estate investment. Meanwhile, we continue with our 12 aspiration to become “Customers’ Life Platform of Choice” - the most-preferred platform that can meet customers’ needs in
except real estate, leasehold interest in property or seeking benefits by other methods; “property fund manager” means a property fund manager under the Notification of the Office of the Securities and
in geothermal power plant in Indonesia. Furthermore, the Power Plant business recorded a slight increase in Selling, General and Administrative expense from the same period of the previous year, mainly
business loans December December Variance 2019 2018 Amount (%YTD) Agricultural and mining 12.9 867.9 (855.0) (98.5) Manufacturing and commerce 38,315.5 39,909.8 (1,594.3) (4.0) Real estate and construction
effectiveness of pandemic control and vaccine development, the economic damage may be worse than what was seen during the 1997 financial crisis. Given volatility in the financial market and real sector which had
at the threshold that is not less than the requirement under the Notification of the Capital Market Supervisory Board concerning the Issuance and Offering of Trust Units of Real Estate Investment Trust
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
venture was renamed to Ratchada Alliance; which U City still holds 50% of the ordinary shares. The purpose of this JV is to invest and develop real estate projects for sale. MANAGEMENT DISCUSSION & ANALYSIS
era to aid our customers in their business operations. In the third quarter of 2019, KBank granted support to customers in food and beverages, real estate and leasing businesses through their issuance