Offeror : Bank of Ayudhya Public Company Limited | Date of submission of the Statement of Intention : 13/03/2007
property sublet rights to CPNREIT to consider the extension of the leasehold of CentralPlaza Rama 2. Condominiums launched in 2016 are in the midst of ownership transfer, which will be completed within 2018
results in 3Q18 compared to the same period in the previous year. • In 3Q18, CPN made an accounting adjustment related to the original land lease contract at CentralPlaza Rama 2 for THB 308 mn. The amount
CPN’s operating results despite the impact on its revenue from rent and services from the major renovation at CentralWorld, the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold
according to new contract signed in June 2018. In 3Q19, total revenue stood at THB 9,413 mn, a 5.6% increase YoY. • Since 3Q18, CPN has started cost of rent and services recognition following the land lease
2055 and 2060 (some parts), hence presented the opportunity to further develop the shopping mall. CPN is currently preparing the proposal of terms and conditions for the land and property sublet rights
, study into value-accretive merger and acquisition (M&A) opportunities, as well as apply efficient cost management to its businesses. Furthermore, the Company is currently preparing to lease assets to CPN
Leasehold REIT (“CPNREIT”) and the lease of CentralFestival Pattaya Beach and Hilton Pattaya, net profit is reported at THB 9,893 mn, an increase of 7.0% YoY, and total revenue at THB 30,875 mn, an increase
lease extension for CentralPlaza Rama 2, which was made at the end of June 2018. Based on a straight-line depreciation method for the duration of the new lease agreement, the incremental cost of rent and