services of the 52%-owned NVD. The initiative to expand residential business to landed property took place in April 2015, whereby Singha Estate invested in Nirvana, a mid-sized housing development company
transfer of the entire business of UE, i. e. all of its assets and debts, on the entire business transfer date. UE engages in the property business through the holding of shares in other companies (Holding
and Management of Property Funds with respect to the property funds having the obligations under this Notification as a result of the offer for sale of investment units; (3) Notification of the Capital
following regulations: Clause 1 In this Notification: “REIT” means a real estate investment trust. “real estate” means an immovable property including leasehold interest of immovable property. “property fund
shares in other companies (Holding Company) which engage in the property business whereas the Company has agreed to accept the transfer of all assets and liabilities of UE as of the entire business
virtual assets20 in any form, save for any indirect exposure via underlying funds as permitted in paragraph 5 above. 7. The Hong Kong Covered Fund must not engage in a physical short sale transaction. 8
receivables 8. Others derivatives assets 9. Property, plant and equipment 10. Intangible assets 11. Other assets Total assets (Translation) -4- Liabilities and shareholders’ equity (Unit:Baht) Consolidated The
business receivables 8. Others derivatives assets 9. Property, plant and equipment 10. Intangible assets 11. Other assets Total assets (Translation) -4- Liabilities and shareholders’ equity (Unit:Baht
total gross profits for the year 2017 was 2,944 million Baht (32% of total revenues); increased by 56% as compared to the year 2016 of 1,882 million Baht, comprising of: (1) gross profit from property
compared to Q1 2017 of 817 million Baht, comprising of: (1) gross profit from property business of 156 million Baht (29% of total revenues from property business); significantly decreased by 70% as compared