approved by and registered with the Office, whose main objective is to promote and develop securities business in the category of asset management; “Custody agent” means any person whom a registered person
with the Office, whose main objective is to promote and develop securities business in the category of asset management; 1“Custody agent” means any person whom a registered person appoints as an agent to
. Moreover, operators of modern construction material retail stores are still increasing the number of branches and group of project customers have continued to develop new residential projects.
value of the projects after deducting the value recognized of over than 20 billion Baht. The Company is aiming to sell and develop the projects as planned in the next 1 – 2 year later. In addition, the
the land to develop projects. 6. Decrease in short-term loan to related parties of THB 114.8 mm, because of having loan repayment from the associates in power business. 7. Decrease in investment
continued to develop new residential projects.
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
interest borrowed to develop projects, which are capitalized as development costs for respective projects till construction completion. Thereafter, such interest costs will be recorded as finance costs in
share sale transaction for ordinary shares in a wholly owned subsidiary of SHR to Wai Eco World Developer Pte. Ltd (“WERW”) in accordance with Joint Venture Agreement to operate and develop a high-end