News Detail

Date/Time
15 Jun 2018 17:37:00
Headline
Notification of Progress for the Investment in the Project of the Marvel Experience: Theme Entertainment Attraction - TMX, and Guarantee Obligation to Hero Experience Company Limited on Shareholding Proportion (Revised)
Symbol
DV8
Source
DV8
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                Acquisition or disposition of assets

According to the fact that Demeter Corporation Public Company Limited (the 
"Company") has invested in the Project of the Marvel Experience: Theme
Entertainment Attraction - TMX (the "Project"), by means of subscription of
newly issued shares and acquisition of shares from the existing shareholders of
Hero Experience Company Limited ("Hero Experience"). The Company wishes to
hereby report to the Stock Exchange of Thailand ("SET") regarding the progress
of the Project that since there was the adjustment of the content in part of
exhibition area in order to let the audience to get better hyper reality digital
entertainment experience, the Project is scheduled for official opening
ceremony on June 27, 2018 and for commercial launch date on June 29, 2018.
Furthermore, due to the fact that Hero Experience needs more financial support 
for loyalty fee, rental fee, construction fee, decoration fee, equipment fee,
and other expenses relating to the Project; Hero Experience has entered into
credit facilitie agreements on May 23, 2018 with the Siam Commercial Bank Public
Company Limited with the total amount of THB 240,000,000. The loan comprises
the 2 long-term loans which are THB 150,000,000 and THB 90,000,000. The Company
will provide the credit guarantee for Hero Experience by mean of business
collateral registration as a cash deposit in the name of the Company with the
amount of THB 90,000,000 based on the shareholding proportion in which the
Company holds 37.5% of shares in Hero Experience.
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of the information and related documents of listed company or issuer to the
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