involves the disposal of real property, which are convenient and of interests to general buyers and investors, and as such, the Board of Directors has not determined the Fair Price with any discount, the
Microsoft Word - SHR MDA YE19_EN 20200226 vf Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page
Weight Factor which is a seasonality effect of the third quarter, and the Availability Rate which fell as a result of the appreciation of Thai Baht. • Revenue of the company’s Small Power Producers (SPP
the same period of previous year. The main reason was due to the asset monetization to WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (WHART) and HREIT in the late 2017 and the
investment properties increased by 45%, compared to the same period of last year. Because, on 6 November 2015, the Company sold assets to WHA Business Complex Freehold and Leasehold Real Estate Investment
calculation of transaction value 1. NTA = Not used because the acquired asset is real estate 2. Net profit = Not used because the acquired asset is real estate 3. Total Value of = Total Project value / Total
hub, but also reflected the potential and strength of WHA Group’s industrial estates, which can serve the needs of both local and international customers. Gross profit from sale of real estate during
% as well as the rental and service income of real estate development decreased by 8.5%. Overall Performance of the Company was affected from the business loan, its subsidiary which required the
Registration Statement for an Offer for Sale of Debt Securities (No. 12) dated 6 March 2017 (effective on 1 June 2017). 2 “trust” means a real estate investment trust and an infrastructure trust; “real estate