News Detail

Date/Time
21 Aug 2018 18:16:00
Headline
Clarification of news or information requested by SET Bor Jor 327/2561(Revise)
Symbol
AQ
Source
AQ
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                SET requests to clarify news or information


Subject                                  : Clarification of news or information 
requested by SET Bor Jor 327/2018
Description (Update)                     :
-Translation-
SET 020/2018
July 26,2018                
Subject: Disclosure of information regarding the letter no. Bor Jor 327/2561 
dated 16 July 2018
To    : Director and Manager
    Stock Exchange of Thailand
Reference is made to the letter from the SET no. Bor Jor 327/2561 dated 16 July 
2018 that requests the Company to disclose additional information regarding the
provision of the financial assistance and the investment in B/E and to inquiry
of The Stock Exchange of Thailand are as following:
Reference is made to AQ Estate Plc. (AQ) that it increased and allotted the 
shares to the private placement on July 2017 for the amount of 3,632 million
Baht in order to use the increased capital to pay debt to Krungthai Bank Plc.
(KTB) according to the order from the Supreme Court's Criminal Division for
Persons Holding Political Position and it has already paid for 1,636 million
Baht and the remaining increased capital is 1,996 million Baht. During the same
period, the Board of Directors approved for the investment in the bill of
exchange (B/E) for 1,600 million Baht and empowered the Board of Executive
Directors to consider the investment in debt instruments in the companies that
have good financial status with the limit of each investment of not greater than
500 million Baht and it can roll the B/E of the companies which have already
approved by the Board of Directors. The Board of Executive Directors has the
power to consider the investment in the corporate bonds of the companies which
have clear source of fund to repay and low risk and to consider the extension of
the investment for 15-30 days of each period in order for the Company to redeem
the fund to pay for debt in time. The Company has invested in the B/E of 5
companies and when due, it has extended the investment in B/E every time.
On 30 June 2018, the B/E of Krugthai Land Development Co., Ltd. and Thai Filatex
Plc. was due. The Board of Directors approved to change the investment in B/E
to the loan agreement with those companies for the amount of 719 million Baht
and the maturity date of the principal and interest is 28 December 2018. In
addition, the BE of Planet Energy Holding Pte Ltd. in total of 1,143 million
Baht which the amount of 115 million Baht was due and the Company has not
disclosed the management of such investment in those B/E and the remaining
amount of 1,028 million Baht will be due in August and September 2018. The
summary of the investment in B/E or the loan is as follows:
Issuers of B/E    Explanation from the Company
Krungthai Land Development Co., Ltd. ("Krungthai Land")    -    On 11 July 2017, the 
Board of Directors approved for the investment in B/E of Krungthai Land for 500
mb and when due, it extended the investment period of B/E to 30 June 2018.
-    On 30 June 2018, the Board of Directors approved the provision for financial 
assistance to Krungthai Land for 515 mb instead of the payment of principal and
interest of B/E for 6 month and due on 28 December 2018.
Thai Filatex Plc. ("Thai Filatex")    -    On 18 September 2017, the Board of 
Directors approved for Aquarius Estate Co., Ltd. (Subsidiary company) for the
investment in B/E of Thai Filatex for 201 mb and when due, it extended the
investment period of B/E to 30 June 2018.
-    On 30 June 2018, the Board of Directors approved the provision for financial 
assistance to Thai Filatex for 204 mb instead of the payment of principal and
interest of B/E for 6 month and due on 28 December 2018.
Planet Energy Holding Pte Ltd. ("Planet")    -    On 14 November 2017, the Board of 
Directors approved to appoint Solaris Asset Management to manage the fund in the
 amount of not more than 1,801 mb for the period from 14 Nov 17 - 14 Nov 18.
-    On 22 March 2018, the asset management agreement with Solaris Asset Management
 was cancelled.
-    On 10 May 2018, the Company disclosed that it has 10 B/E in total of 1,143 mb 
as follows:
+past due (Feb-May 18) = 115 mb
+due in Aug 18 = 887 mb
+due in Sep 18 = 141 mb


Nevertheless, the source of fund for investment in B/E and the lending to those 
mentioned companies was from the capital increase for the private placement
which is reserved to pay for the different amount of the proceed from land sale
collateralized with KTB. The next schedules for the land auction dates are 18
July 2018 and 8 August 2018. Should the Company need to pay KTB for the
different amount of land sale, the Company may not have enough liquidity for
payment to KTB. In addition, the loan to the third parties is accounted for 20%
of the net tangible assets which is significant amount and it is not the normal
business of the Company.
To disclose the complete information to the investors for investment decision, 
the SET would like the Company to disclose the additional information and
disseminate to SET system as following:
1.    Loan to Krungthai Land and Thai Filatex in the amount of 719 million Baht
The Board of Directors approved the provision for financial assistance to 
Krungthai Land and Thai Filatex for the amount of 515 million Baht and 204
million Baht, respectively for the period of 6 months until 28 December 2018
which the loan due date is after the auction of land according to the disclosure
 from the Company, please explain:
1.1    The opinion of the Board of Directors regarding the appropriateness for the 
provision of the financial assistance. Specify the reason and information that
the Board of Directors used in making decision for lending to those companies
such as financial status, operation performance, collaterals, guaranties, call
for early repayment, risk management in case of loan default, and etc.
1.2    Does the Company have sufficient fund for payment to KTB as schedule?

Answer:
The Board of Directors considered that the Company the change in the form of 
investment in bills of exchange is a loan agreement with conditions like the
original bill. The reason for the two loans is because the company has no need
to use the funds after the suspension of auction on August 8, 2018, the date is
not set. Also consider that the two companies have the potential to repay. The
loan is considered appropriate. The payment for damages to KTB according to the
Supreme Court - Criminal Division for Persons Holding Political Position will
follow after the auction process of the 4,300 rai of land. The sale proceed from
the auction tends to be more than the remaining damage amount of 8,368.73
million Baht from the reason that the legal execution department determined the
starting auction price at 8,950 million Baht. The Company believes that the
selling price could be higher than the starting auction price. For 2016
financial statement, the Company made the reserve for liability with KTB using
the appraised price from S.L. Standard Appraisal Co.,Ltd. As of May 2017 at
11,600 million Baht and forced sale price at 5,800 million Baht. Previously in
the same year. The Company held the land auction and there were 3-4 interested
purchases submitted for the bid but the highest bidding price was lower than the
forced sale price. Therefore, the Company considered to use the forced sale
price for the reserve but the  should the land auction price be lower than
8,368.78 million Baht. The Company is still able to pay for damages to KTB from
other investments (Fixed Income Fund Bank deposits of Baht 321 million and
project assets of Baht 1,607 million).as shown in Attachment, (1). In addition,
the Company can call for early repayment from Krungthai Land Development Co.,
Ltd. and Thai Filatex Plc. by giving 30 day notice in advance. The Board of
Directors has considered the financial status of Krungthai Land Development Co.,
Ltd. and Thai Filatex Plc. as acceptable and is confident that Krungthai Land
Development Co., Ltd. and Thai Filatex Plc. have the ability to repay loan under
the loan agreements as shown in Attachment (2). From legal consideration, the
change from the purchase of B/E to the short term lending does not have an
impact to the status of the Company and its subsidiaries compared to the
previous status. For placing collateral and guaranty, Right to call for early
repayment, risk management in case of payment default is detailed as follows.
Collateral and guaranty
Krungthai Land Development Co.,Ltd (krunghthai Land)   None
Thai Filatex Plc             None.
Right to call for early repayment
Thai Filatex Public Company Limited: Loan agreement specified that Aquarius 
Estate Co.,Ltd has the right to call for early repayment by given notice for 30
days in advance.
Risk management in case of payment default
The Company has policy to follow up with the borrower and for risk management, 
the Company is negotiating for additional collaterals such as assets or
assignment of receivables which it is expected to conclude the negotiation by
3rd quarter of 2018.

2.    The investment in B/E of Planet in the amount of 1,143 million Baht
On 5 February 2018, the Company disclosed that Planet Energy Holding Pte Ltd. 
(PEH), incorporated on 11 April 2014 and registered in Singapore, has not
prepared the financial statement. It operates as the engineering consultant and
design and has an investment in Green Earth Power (Thailand) Co., Ltd. ("GEP")
for 48%. Some of the investment in B/E of Planet was due during February to May
2018 for the amount of 115 million Baht and the remaining is due during August
to September 2018 in the amount of 1,028 million Baht.

Please explain how the Board of Directors considers to manage with the above 
mentioned investment in B/E that was due or will be due in short period. In case
of the rolling of B/E, please specify the authorized persons for the
transaction, criteria and information for investment decision such as the
progress of business operation, financial status and operation performance of
Planet and GEP because Planet has invested in GEP for substantial amount and the
 consideration for business risk and default risk.
Answer:
For two B/Es of PEH due on 30 April 2018 in the amount of 30.5 million Baht and 
due on 29 May 2018 for the amount of 74.7 million Baht, PEH had requested for
the rolling of those B/Es for 6 months. In the Board of Executive Directors'
Meeting no. 2/2018 on 24 April 2018, the Board of Executive Directors (empowered
by the Board of Directors) considered that the Company has not required to use
the fund. The payment for damages to KTB according to the Supreme Court -
Criminal Division for Persons Holding Political Position will follow after the
auction process of the 4,300 rai of land. The sale proceed from the land auction
tends to be more than the remaining damage amount of 8,368.73 million Baht.
Should the proceed from land auction be lower than 8,368.73 million Baht, the
Company still has the liquidity from other investments to pay for the shortfall
of damages (if any). The Board of Executive Directors considered the financial
status of PEH as acceptable credit and was confident that PEH has the ability to
repay the extended B/E as shown in Attachment (2) and therefore approved for
the rolling two B/Es for the period of 6 months as detail shown below:
Issue No.    Issued Date    Due Date    Interest rate
(% p.a.)    Principal amount
(Baht)
PLN013/2018    30 April 18    29 Oct .18    6.50    31,478,331.82
PLN014/2018    29 May.18    26 Nov.18    6.50    77,082,949.84

The Board of Executive Directors informed the rolling of two B/Es to directors 
in the Board of Directors' Meeting on 30 June 2018
In addition, in the meeting above, the Board of Directors considered and 
approved the rolling of B/Es from Planet Energy Holding Pte Ltd. (PEH) no.
PLN005/2018 in the amount of 9.9 million Baht due on 18 July 2018 and PEH had
requested for rolling the principal amount and interest due for 6 months period.
The Board of Directors considered that the Company has not required to use the
fund. The payment for damages to KTB according to the Supreme Court - Criminal
Division for Persons Holding Political Position will follow after the auction
process of the 4,300 rai of land. The sale proceed from the land auction tends
to be more than the remaining damage amount of 8,368.73 million Baht. Should the
proceed from land auction be lower than 8,368.73 million Baht, the Company
still has the liquidity from other investments to pay for the shortfall of
damages (if any). In addition, the Board of Directors considered the financial
status of PEH as acceptable credit and was confident that PEH has the ability to
repay the rolling B/E as shown in Attachment (2) and therefore approved for the
rolling B/Es for the principal and interest due for the period of 6 months but
no later than 28 December 2018 with the interest rate of 6.5% p.a.

For the B/Es due from 16 August 2018 onward, as shown in Attachment (1), the 
Board of Directors will consider the progress of 4,300 rai land auction which is
scheduled on 8 August 2018 whether the Company will be responsible to pay for
the shortfall of damages to KTB and at what amount, although the current land
price tends to be more than the remaining damages of 8,368.73 million Baht.
Should after the payment for damages and the investment in the core business of
the Company and the Company still has excess liquidity, the Company may consider
to continue for the short term investment opportunity. It may consider to
invest in the existing companies already invested or change to other alternative
investments upon the appropriateness at that time and the management will
analyze and propose to the Board of Directors to consider in due course.

Furthermore, In the Board of Directors' Meeting on 19 July 2018, the board 
meeting assigned to the management for additional risk management including the
follow up for the operation performance of the companies that the Company has
invested in or provided the loan to, the negotiation for additional collaterals
and/or the guarantees from those 3 companies invested by the Company, and the
study from management for other alternative investments for consideration in the
 next meeting.
3.    Return received during the investment period
Disclose the principal amount and interest received whether in the form of cash 
or accrued interest for each of the companies and each period of investment up
to date.
Answer:
The principal amount, the interest received and whether in the form of cash or 
accrued interest for AQ Estate Plc.  are shown in Table 1 to Table 3 and for
Aquarius Estate Co., Ltd is shown in Table 4:?

Table 1: Table of investment and return of AQ Estate Plc.
AQ Estate Public Co.,Ltd
No.    Issuer Name    BE    Issued No.    Issue Date     Maturity Date      Yield      Amount(Baht) 
    Interest amount    Type of Payment
                                        (Baht)    
1    Vintage Enginerring Plc.    VTE    VTE17-092    13 Jul 17    11 Aug 
17    5.50    700,000,000.00    3,045,595.27    Cash received from interest income and used
for wording capital of the Company
        VTE    VTE17-105    11 Aug 17    31 Aug 17    5.50    700,000,000.00    2,103,250.48    Cash 
received from interest income and used for wording capital of the Company
        VTE    VTE17-117    31 Aug 17    19 Sep 17    5.50    700,000,000.00    1,998,388.18    Cash 
received from interest income and used for wording capital of the Company
        VTE    VTE17-130    19 Sep 17    29 Sep 17    5.50    700,000,000.00    1,053,207.50    Cash 
received from interest income and used for wording capital of the Company
        VTE    VTE17-143    29 Sep 17    19 Oct 17    5.50    700,000,000.00    2,103,250.48    Cash 
received from interest income and used for wording capital of the Company
        VTE    VTE17-160    19 Oct 17    30 Oct 17    5.50    700,000,000.00    1,158,353.96    Cash 
received from interest income and used for wording capital of the Company
        VTE    VTE17-164    30 Oct 17    6 Nov 17    5.50    700,000,000.00    737,578.17    Cash received 
from interest income and used for wording capital of the Company
        VTE    VTE17-165    6 Nov 17    15 Nov 17    5.50    700,000,000.00    948,029.38    Cash received 
from interest income and used for wording capital of the Company
        VTE    VTE17-171    15 Nov 17    30 Nov 17    5.50    550,000,000.00    1,240,347.16    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        VTE    VTE17-179    30 Nov 17    15 Dec 17    5.50    480,000,000.00    1,082,484.79    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        VTE    VTE17-187    15 Dec 17    22 Dec 17    5.50    465,000,000.00    489,962.64    Principal and
 interest transfer to AQ Private Fund  managed by Solaris
        VTE    VTE17-191    22 Dec 17    25 Dec 17    5.50    425,000,000.00    192,036.49    Principal and
 interest transfer to AQ Private Fund  managed by Solaris
        VTE    VTE17-192    25 Dec 17    26 Dec 17    5.50    385,000,000.00    58,004.96    Principal and 
interest transfer to AQ Private Fund  managed by Solaris
        VTE    VTE17-193    26 Dec 17    27 Dec 17    5.50    315,000,000.00    47,458.60    Principal and 
interest transfer to AQ Private Fund  managed by Solaris
        VTE    VTE17-194    27 Dec 17    28 Dec 17    5.50    235,000,000.00    35,405.62    Principal and 
interest transfer to AQ Private Fund  managed by Solaris
        VTE    VTE17-195    28 Dec 17    12 Jan 18    5.50    145,000,000.00    327,000.62    Principal and
 interest transfer to AQ Private Fund  managed by Solaris
        VTE    VTE18-018    12 Jan 18    17 Jan 18    5.50    115,000,000.00    86,578.61    Principal and 
interest transfer to AQ Private Fund  managed by Solaris
        VTE    VTE18-021    17 Jan 18    18 Jan 18    5.50    65,000,000.00    9,793.04    Principal and 
interest transfer to AQ Private Fund  managed by Solaris
                                16,716,725.95    




Table 2: Table of investment and return of AQ Estate Plc.

AQ Estate Public Co.,Ltd
No.    Issuer Name    BE    Issued No.    Issue Date     Maturity Date      Yield      Amount(Baht) 
    Interest amount    Type of Payment
                                        (Baht)    
2    East Coast Furnitech Plc.    ECF    ECF012/2560    14 Jul 17    16 Aug 
17    5.00    400,000,000.00    1,800,081.82    Cash received from interest income and used
for wording capital of the Company
        ECF    ECF015/2560    16 Aug 17    31 Aug 17    5.00    400,000,000.00    820,232.40    Cash 
received from interest income and used for wording capital of the Company
        ECF    ECF017/2560    31 Aug 17    11 Sep 17    5.00    400,000,000.00    601,832.85    Cash 
received from interest income and used for wording capital of the Company
        ECF    ECF021/2560    11 Sep 17    19 Sep 17    5.00    400,000,000.00    437,876.30    Cash 
received from interest income and used for wording capital of the Company
        ECF    ECF022/2560    19 Sep 17    29 Sep 17    5.00    400,000,000.00    547,195.62    Cash 
received from interest income and used for wording capital of the Company
        ECF    ECF026/2560    29 Sep 17    12 Oct 17    5.00    400,000,000.00    711,062.49    Cash 
received from interest income and used for wording capital of the Company
        ECF    ECF031/2560    12 Oct 17    20 Oct 17    5.00    400,000,000.00    437,876.30    Cash 
received from interest income and used for wording capital of the Company
        ECF    ECF032/2560    20 Oct 17    30 Oct 17    5.00    165,000,000.00    225,718.19    Cash 
received from interest income and used for wording capital of the Company
        ECF    ECF033/2560    20 Oct 17    3 Nov 17    5.00    235,000,000.00    449,822.26    Cash 
received from interest income and used for wording capital of the Company
        ECF    ECF035/2560    30 Oct 17    2 Nov 17    5.00    165,000,000.00    67,780.36    Cash received
 from interest income and used for wording capital of the Company
        ECF    ECF036/2560    2 Nov 17    15 Nov 17    5.00    165,000,000.00    293,313.28    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        ECF    ECF037/2560    3 Nov 17    15 Nov 17    5.00    235,000,000.00    385,667.40    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        ECF    ECF039/2560    15 Nov 17    27 Nov 17    5.00    190,000,000.00    311,816.19    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
                                7,090,275.46    





Table 3: Table of investment and return of AQ Estate Plc.
AQ Estate Public Co.,Ltd
No.    Issuer Name    BE    Issued No.    Issue Date     Maturity Date      Yield      Amount(Baht) 
    Interest amount    Type of Payment
                                        (Baht)    
3    Krungthai Land Development Co.,Ltd    KTL    KTL001/2017    17 Jul 17    17 Aug 
17    6.00    500,000,000.00    2,535,026.99    Cash received from interest income and used
for wording capital of the Company
        KTL    KTL002/2017    17 Aug 17    31 Aug 17    6.00    500,000,000.00    1,148,042.86    Cash 
received from interest income and used for wording capital of the Company
        KTL    KTL003/2017    31 Aug 17    19 Sep 17    6.00    500,000,000.00    1,556,781.56    Cash 
received from interest income and used for wording capital of the Company
        KTL    KTL004/2017    19 Sep 17    19 Oct 17    6.00    500,000,000.00    2,453,653.22    Cash 
received from interest income and used for wording capital of the Company
        KTL    KTL005/2017    19 Oct 17    25 Oct 17    6.00    500,000,000.00    492,664.77    Cash 
received from interest income and used for wording capital of the Company
        KTL    KTL006/2017    25 Oct 17    30 Nov 17    6.00    500,000,000.00    2,941,496.90    Cash 
received from interest income and used for wording capital of the Company
        KTL    KTL007/2017    30 Nov 17    31 Dec 17    6.00    500,000,000.00    2,535,026.99    Cash 
received from interest income and used for wording capital of the Company
        KTL    KTL001/2018    1 Jan 18    30 Jun 18    6.00    500,000,000.00    14,794,520.54    Cash 
194,520.54 Baht used for wording capital of the Company. Principal and interest
transfer to loan agreement
        Financial Assistance Agreement    30 Jun 18    28 Dec 18    6.00    514,600,000.00        
                                28,457,213.83    

Table 4: Table of investment and return of AQ Estate Plc.
AQ Estate Public Co.,Ltd
No.    Issuer Name    BE    Issued No.    Issue Date     Maturity Date      Yield      Amount(Baht) 
    Interest amount    Type of Payment
                                        (Baht)    
4    Planet Energy Holding Pte.,Ltd    PLN    PLN034/2017    15 Nov 17    30 Nov 
17    5.00    150,000,000.00    307,587.15    Principal and interest transfer to AQ Private
Fund  managed by Solaris
        PLN    PLN035/2017    17 Nov 17    16 Feb 18    5.00    214,000,000.00    2,634,826.14    Principal
 and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN036/2017    23 Nov 17    16 Feb 18    5.00    192,200,000.00    2,212,186.87    Principal
 and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN037/2017    30 Nov 17    28 Feb 18    5.00    150,000,000.00    1,826,792.96    Principal
 and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN038/2017    30 Nov 17    29 May 18    5.00    74,700,000.00    1,797,593.68    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN039/2017    15 Dec 17    28 Feb 18    5.00    15,600,000.00    158,644.07    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN040/2017    22 Dec 17    28 Feb 18    5.00    40,400,000.00    372,855.59    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN041/2017    25 Dec 17    28 Feb 18    5.00    40,400,000.00    356,551.26    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN042/2017    26 Dec 17    30 Mar 18    5.00    70,900,000.00    901,352.45    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN043/2017    27 Dec 17    30 Mar 18    5.00    81,000,000.00    1,018,936.83    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN044/2017    28 Dec 17    30 Mar 18    5.00    91,300,000.00    1,136,309.52    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN001/2018    12 Jan 18    30 Apr 18    5.00    30,500,000.00    444,654.43    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN002/2018    17 Jan 18    30 Mar 18    5.00    50,500,000.00    493,217.58    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN003/2018    18 Jan 18    30 Mar 18    5.00    65,700,000.00    632,844.93    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN004/2018    16 Feb 18    16 Aug 18    5.00    406,200,000.00    9,827,857.24    Principal
 and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN005/2018    16 Feb 18    18 Jul 18    5.00    9,900,000.00    201,932.37    Principal and
 interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN006/2018    28 Feb 18    24 Aug 18    5.00    246,400,000.00    5,832,927.64    Principal
 and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN007/2018    28 Feb 18    24 Aug 18    5.00    57,600,000.00    1,363,541.53    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN008/2018    2 Mar 18    27 Aug 18    5.00    93,500,000.00    2,225,595.08    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN009/2018    5 Mar 18    24 Aug 18    5.00    82,900,000.00    1,908,297.64    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN010/2018    20 Mar 18    18 Sep 18    6.50    70,900,000.00    2,297,936.99    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN011/2018    21 Mar 18    18 Sep 18    6.50    65,700,000.00    2,117,700.00    Principal 
and interest transfer to AQ Private Fund  managed by Solaris
        PLN    PLN013/2018    30 Apr 18    29 Oct 18    6.50    31,478,331.82    988,213.96    Principal 
and interest transfer to bill of exchange
        PLN    PLN014/2017    29 May 18    26 Nov 18    6.50    77,082,949.84    2,407,020.04    Principal 
and interest transfer to bill of exchange
        PLN        18 Jul 18    28 Dec 18    6.50    10,184,414.96    287,287.84    Principal and interest 
transfer to bill of exchange
                                43,752,663.79    



Table 4: Table of investment and return of Aquaries Estate Co.,Ltd.
Aquaries Estate Co.,Ltd
No.    Issuer Name    BE    Issued No.    Issue Date     Maturity Date      Yield      Amount(Baht) 
    Interest Amount    Type of Payment
                                        (Baht)    
1    Thai Filatex Plc.,    TFX    TFX2017/01    19 Sep 17    16 Oct 
17    5.50    100,402,764.44    406,832.76    Cash received from interest income and used
for wording capital of the Company
        TFX    TFX2017/02    20 Sep 17    16 Oct 17    5.50    100,387,847.81    391,765.47    Cash 
received from interest income and used for wording capital of the Company
        TFX    TFX2017/03    16 Oct 17    30 Nov 17    5.50    100,402,764.44    676,227.88    Cash 
received from interest income and used for wording capital of the Company
        TFX    TFX2017/04    16 Oct 17    30 Nov 17    5.50    100,387,847.81    676,127.42    Cash 
received from interest income and used for wording capital of the Company
        TFX    TFX2017/05    16 Oct 17    18 Dec 17    5.50    100,402,764.44    271,588.67    Cash 
received from interest income and used for wording capital of the Company
        TFX    TFX2017/06    18 Dec 17    18 Dec 17    5.50    100,387,847.81    271,548.32    Cash 
received from interest income and used for wording capital of the Company
        TFX    TFX2017/07    18 Dec 17    15 Jan 18    5.50    100,402,764.44    421,837.34    Cash 
received from interest income and used for wording capital of the Company
        TFX    TFX2017/08    18 Dec 17    15 Jan 18    5.50    100,387,847.81    421,774.66    Cash 
received from interest income and used for wording capital of the Company
        TFX    TFX2018/01    15 Jan 18    28 Feb 18    5.50    100,402,764.44    665,684.08    Cash 
received from interest income and used for wording capital of the Company
        TFX    TFX2018/02    28 Feb 18    28 Feb 18    5.50    100,387,847.81    665,585.18    Cash 
received from interest income and used for wording capital of the Company
        TFX    TFX2018/03    28 Feb 18    30 Jun 18    5.50    100,402,764.44    1,845,760.41    Principal 
and interest transfer to loan agreement
        TFX    TFX2018/04    30 Jun 18    30 Jun 18    5.50    100,387,847.81    1,845,486.19    Cash 
81,858.85 Baht used for wording capital of the Company. Principal and interest
transfer to loan agreement
        Loan agreement    30 Jun 18    28 Dec 18    5.50    204,400,000.00        
                                8,560,218.38    
?
 





Please be informed accordingly and distribute the above information to the 
public.

Yours sincerely,


(Mr. Suthad Chankingthong)    (Miss Ranchana Rajatanavin)
Director    Director



?


                         Signature ___________________________
                                    ( Mr. Suthad Chankingthong    Miss Ranchana 
Rajatanavin )
                                    Director  Director
                         Authorized to sign on behalf of the company

______________________________________________________________________
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