, Phuket Fantasea’s acquisition of approximately 33 rai of land for Carnival Magic Project enabled maximization of land development potential since it became the land owner instead of the lessee from third
transaction. 2. Approved the Company to pay an amount of Baht 13,200,000 to Namchai Property Development Company Limited for the 30-years lease, planned to completely register the leasehold within the 1st
property development and an increase in Investment in joint-venture. Likewise, total liabilities grew by Bt5,598mn, or 37% from end of FY2016. This was a compound effect of the following transactions: a
:49) led to a change in accounting treatment on this project, from previously Consolidation to Equity Method. This activity was resulting in a decrease in Cost of property development and an increase in
year continually. 4. Property Development Business JAS Asset Public Company Limited ("JAS"), engaging in real estate development business, which the Company holds 67.5% of shares and has a net profit of
develop and transfer the remaining units within the next 1-2 years. Moreover, it is in the interest of The Company in pursuing with property development projects that aligns to the cash flow of The Company
range of property development services with the focus on the quality of life of the residents. The emphasis is put on “Vibrant Community” strategy, social and environmental responsibility and sustainable
property development services with the focus on the quality of life of the residents managed with “Vibrant Community” concept and develop a home for lower-middle to upper-middle income earners at the
% from last year. The incremental assets mainly came from Outrigger hotels, the development of Crossroads Project Phase I, the development of Singha Complex, Inventories and cost of property development