or indirectly holds not less than 99 percent of total issued and fully paid-up shares, and Singha Property Management (Singapore) Pte. Ltd. ("SPM SG") and/or other subsidiaries in which SPM SG directly
paid-up shares held by the Company) and/or other subsidiaries in which the Company directly or indirectly holds not less than 99 percent of the total issued and paid-up shares, and Dream Islands
shareholder of the Company which directly and indirectly holds 65.8 percent in aggregate of the total issued and paid-up shares of the Company, and also a major shareholder of BTSC which indirectly holds 100
that apply to REIT direct investment.However, based on consultation with the private sector, there are necessary reasons why REIT sometimes may not be able to invest indirectly by holding virtually
decisions for clients, (2) Receiving compensations, either directly or indirectly, and (3) Operating such businesses regularly or giving services to the general public. Pursuant to Section 66 of the
Company indirectly holds 100% of the total issued shares through Lombard Estate Holdings Limited, the Company’s subsidiary in which the Company directly holds 100% of total issued shares) to be the
Real Estate s.r.o. (“VBRE”) (the Company’s newly established subsidiary in which the Company indirectly holds 100% of the total issued shares through Lombard Estate Holdings Limited, the Company’s
capabilities fully and cautiously with sufficient information and referable evidence; (c) members shall disclose to clients any case where the members have an interest, whether directly or indirectly, in any
directly or indirectly holds shares of the other party in the amount exceeding fifty percent of total issued and paid-up shares; or (2) In the case where the party that manages funds has the power to control