major company’s customer espeacially in real estate sector delay in launching new projects. The recognition of construction and services for the first six months of 2020 mostly come from the large

to the COVID-19 epidemic, thus major company’s customer espeacially in real estate sector delay in launching new projects. The recognition of construction and services for the first nine months of 2020

decreased 18.58 million baht. Due to the crisis of the COVID-19 epidemic causing real estate developers to delay investment in new projects. In addition, financial institutions are strict in lending to

transaction was used for developing real estate projects, including the investment in new project which were nursing home, rehabilitation center and wellness center. This was the business that Thailand had

. Domestic demand continued to expand from private consumption and public spending, while private investment contracted especially in real estate sector in line with decline in the supply of new real estate

, increased from 0.67 times as of 31 December 2017 due to the investment in land for new residential real estate projects. The Company still has the policy to maintain the D/E ratio of not exceeding 1.5 times

) assessment of preparedness to manage the real estate investment before accepting to be the REIT manager or before more investing in new real estate for the REIT, as the case may be; (b) analysis of the

(NLA) of 1.6 mn sqm. 2Q17 Major Events The conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into a new Real Estate Investment Trust (REIT) on 31 May 2017, the Board of Directors has

, 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

principal asset is disposed of and a REIT manager fails to invest in new real estate with an aggregate value of not less than 500 million baht or not 26 less than 75% of the total asset value of the REIT