new areas for possible development as a pipeline for future project announcements. The Lease of Assets to CPNREIT On October 17, 2019, CPN agrees to lease out new assets to CPNREIT comprising four
and controlling. The lease term is 2 years. This transaction of lease out of the building was classified as a category 3 connected transaction, defined as a rental or lease of immovable property of not
rights and obligations relating to subleased area or exercisable or to be performed only handover of the subleased area. Such rights and obligations become enforceable on and from the handover date of the
and certain parts of indoor parking spaces, being an area for investment of approximately 49,686 square meters, CPNREIT will sublease the immovable properties and lease out the movable properties to a
lease out assets to WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (“WHART Trust”) for the third disposal of assets to WHART Trust as summarized as follows: 1. Details of Assets to
property sublet rights to CPNREIT to consider the extension of the leasehold of CentralPlaza Rama 2. Condominiums launched in 2016 are in the midst of ownership transfer, which will be completed within 2018
shareholding proportion and will serve the business expansion in the future. The purchase of shares in Dara Harbour Co., Ltd. for land sublet rights On 14 July 2017, the Company purchased 26 mn shares, or 65% of
. Although occupancy rates at both hotels were impacted by the lower number of tourist bookings, average room rates at both hotels increased YoY. On December 1, 2017, the CPN Group entered a sublet agreement
Group entered a sublet agreement of Hilton Pattaya Hotel with CPNREIT after the transfer of the asset into CPNREIT was completed. Revenue from sales Revenue from sales of real estate comprises the