brighter investment outlook, and ongoing growth in tourism. At the same time, the real estate and construction sectors grew modestly, with expansion seen only in certain areas. Likewise, consumption fared

(certain parts) and Hilton Pattaya to CPNREIT has a net asset price of Baht 11,908,000,000 (details are shown in enclosure). Based on the value of the consideration given or received basis according to the

, based on average rate of commercial banks as published by Bank of Thailand on 7 August 2019). The completion of this transaction is subject to certain conditions precedent as specified in SPA. This

. Consideration The Transaction will be effected on the basis of an agreed valuation of a 1.77 times multiple of Permata’s book value (subject to certain adjustments). This implies, on the basis of Permata’s book

primarily due to the expansion of the Hinoya Curry restaurant and the opening of Taokaenoi Land shop in tourist attractions. Despite the growth of Chinese tourists at 1.7 percent from the same period of the

mall management and effective operating costs control The Thai economy in 2Q17 continued to expand and recovered at a modest pace, driven by export of goods which showed a high expansion, and the tourism

) Steady growth in private consumption from stimulus packages and recovering agricultural product prices from production expansion and 4) Other supporting factors, such as government spending and other

shares and warrants of U City via private placement and a rights offering and (iii) the disposal of certain non-core assets 22 January 2018: The Company completed the private placement of 26,384mn

revenue streams to mitigate the risk of reliance on sales in China. Currently, the Company received good feedbacks from the market expansion in the Philippines but still could not compensate for the

risks to be monitored going forward. An oversupply of condominium units in certain price ranges and areas, particularly condominium with price below THB 3mn, continued to increase, while the time taken