Monday , February 6 2023

Stable housing Sales of subsidiary companies Including the right to accrued interest in the total amount of 660 million.


November 6, 2018 MK Real Estate Development Public Company Limited G. Vorasit Pokachaiiapat Executive Director On November 6, 2018, the Company sold all common shares held by the Company. Banthong Development Co., Ltd. in the total amount of 6.369.997 shares with a nominal value of 100 Baht. Baht 636,999,700.- and Baht 1,000,000 accrued interest receivables, totaling 660,000,000 Baht, to the President of the Thai Stock Exchange, which is not a related person in accordance with the Notification of the Supervisory Board of the Capital Market. And in calculating the size of the sale of such property. According to the Report on the Supervisory Board for the capital market no. TorChor. 20/2551 Re: Criteria for Significant Transactions Acquired or Possessed by the Property and Exchange Market Information of Thailand The disclosure of information and other documents of the company engaged in the procurement and placement of BE 2547 ("Procurement and Placement Notice") has a maximum transaction size of 9 , 14% Transaction size is less than 15%.

A transaction is not a related transaction, and the size of a transaction is not subject to information that requires notice of acquisition or placement of funds. However, the abolition of investment in the company with a 10% share of the paid-up capital was reported, which resulted in the fact that the gold line ceased to be a subsidiary of the company.

Gold line is the owner of the land in the old town. Amphoe Mueang Khon Kaen The land area of ​​19-1-25.4 rai was estimated on February 8, 2018, after access to the market price of the total land value of Baht 618,032,000. This price is higher than the carrying amount as at March 31, 2018, at 599.062.675,03 Baht, and the sale of such stocks and receivables has no effect on the business of the Company because the gold line was not black. Hill project

The meeting of the Board of Directors on April 11, 2018 authorized the Executive Director to sell ordinary shares and in such a calculated interest. The Chief Executive has already made a sale on the above mentioned date.

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