) that were converted to equity by August 2017. This allowed the Company to raise $ 452 million to strengthen its balance sheet. As a post-period update, the major shareholder in IVL also partially
April 2019, the shareholders’ meeting approved the sales of Dusit Thani Maldives (“DTMD”) to raise fund to expand the business of the company and more investment on DREIT. The Company is on process in
planned use of funds from the capital increase, the projects to be executed, and the sufficiency of the funds from the increase in capital. The company has a need to raise additional funds for the
Contract for Golf European Thailand Classic project. Afterwards, the debtor failed to make payment following the contract. The company filed a lawsuit on 15th July 2016 to the Civil Court of Southern Bangkok
project “Golf European Thailand Classic”. However, the debtor defaulted the refund as stated in the contract, therefore the Company filed a lawsuit on July 15 , 2016 at the Southern Bangkok Civil Court. The
Limited is in debt to the Company according to the purchase agreement to run the project “Golf European Thailand Classic”. However, the debtor defaulted the refund as stated in the contract, therefore the
according to the purchase agreement to run the project “Golf European Thailand Classic”. However, the debtor defaulted the refund as stated in the contract, therefore the Company filed a lawsuit on July 15
European Thailand Classic project. Afterwards, the debtor failed to make payment following the contract. The company filed a lawsuit on 15th July 2016 to the Civil Court of Southern Bangkok with total sued