comprise 3 office buildings (aggregate occupancy rate at 93%), which includes 2 office buildings transferred to GLAND Office Leasehold Real Estate Investment Trust (“GLANDRT”), as well as 1 residential
Property Business: the Company will be able to record the revenue from sales of residential condominium units in the statement of comprehensive income when the real estate project has been completed and
Limited, to provide hospitality services with registered capital of THB 1 million with 10,000 ordinary shares at a par value of Baht 100 each. Late January 2019, the Company invested in Epicure Catering Co
the statement of comprehensive income when the real estate project has been completed and transferred to the customers after completion of the payment. 1. As of 31 March 2018, Details and progress of
, an increase of 5.2% YoY. 3Q17 Major Events The conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into a new Real Estate Investment Trust (REIT) On 28 August 2017, the Unitholders
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
%. Meanwhile, total interest-bearing debt stood at THB 9,529 mn, a decrease from THB 17,904 mn from the previous year as a result of effective financial management to match the money and capital markets
UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Capital Market