Thepcharoen, (2) Mr. Visanu Thepcharoen, (3) Mr. Sompijit Chaichanajarak, (4) Mr. Nontawat Dhanasuwiwath, colluded to purchase Panacee Grand Hotel Roemerbad (Panacee) in Germany at a significantly higher price
transaction is to have Vienna House Thailand, as joint venture company between VI and Absolute Services Company Limited, engage in hotel management services in Thailand. The details of the company are as follow
negative income taxes. On a 9-month basis, total revenues grew by 82% YoY, primarily from a significant improvement of residential business and organic growth of hotel business. On the contrary, EBT and net
operating revenue breakdown by business segment (Unit: Million Baht) 2019 2018 Change Change (%) Sales of real estate 9,291 14,599 (5,308) (36) Revenue from hotel business 1,052 904 148 16 Revenue from rental
, the new subsidiary will be the entity holding the land and building of Eastin Grand Hotel Sathorn Bangkok. The details of the new subsidiary are as follows: Name: EGS Assets Company Limited Registered
significantly by 222.5% YoY to THB 1,481mn, predominantly due to the consolidation of the acquired hotel business in Europe (Vienna House), the improving operating performance of our hotels in Thailand and the
is less than the growth in their operating cost as a result of major renovations at CentralWorld and CentralPlaza Rama 3. Meanwhile, the growth in hotel business revenue exceeded its operating cost
4.3% YoY to THB 1,462mn mainly due to the expansion of hotel business through new hotels launch, through new acquisitions and the contribution from acquired assets under the Entire Business Transfer of
year increased by Baht 622 million as compared to last year and this was mainly due to the following: The overall revenue from hotel operations which comprise of hotel, golf and retail operations
decrease in unit transferring. There was no project completed construction in Q2/2017 while there was Manor Sanambinnam started transferring in Q2/2016. - Revenues from hotel operations in Q2/2017 amounted