25 Apr 2019 17:05:00
Clarification of news or information requested by SET-Attatchment2
SET requests to clarify news or information Subject : Clarification of news or information requested by SET Description : Basic Information ( ) Krung Thai Land Development Company Limited ("KT Land", "Company") Date of Established Company Registration : 28 March 1988 Location of Head Office : 3675 Rama IV Road, Phrakanong Subdistrict, Khlong Toei District, Bangkok 10110 Nationality : Thai Authorized Capital : 350,000,000 baht Paid-up Capital Number of Ordinary Shares : : 350,000,000 Baht 350,000 shares Conducting Business : The company operates the real estate business of The Portrait Rama 4-Sukhumvit 38 Project. Board of Directors of Company No. List of Directors Nationality Position 1 Mr. Preecha Laohapongchana Thai Authorized Director Signature 2 Miss Chavaporn Laohapongchana Thai Authorized Director Signature 3 Mr. Tharit Udomcharoenchaikit Thai Authorized Director Signature Majority Shareholder of Company No. List of Shareholders Nationality Number of shares Proportion 1 Mr. Preecha Laohapongchana Thai 240,000 68.57% 2 Mr. Sivasit Laohapongchana Thai 52,500 15.00% 3 Mr. Tharit Udomcharoenchaikit Thai 5,000 1.43% 4 Mr.Chuwat Laohapongchana Thai 52,500 15.00% Total 350,000 100.00% Opinion of Analysis Department The total assets value in accounting of company current situation is 1,265.59 million baht which adjusted book value, according to the property valuation report prepared by Siam City Appraisal Company Limited as at 2 November 2017 and conducted land and improvement assessment of "Portrait Condominium Rama 4 Project", which is the company project. The total of company assets after accounting adjustment are 1,434.84 million baht when deducted from the company total liabilities, totalling 1,047.74 million baht. The value of shareholders' equity after the accounting adjustment is 387.11 million baht. Nevertheless, the group of 4 company shareholders are famous person in the political and real estate development business. Such group of company shareholders are holding ordinary shares in various proportion of 4 other companies such as: 1) Triple P Assets Company Limited 2) Chao Phaya Insurance Public Company Limited 3) Krung Thai Tractor Company Limited 4) Reuziti (Thailand) Company Limited When considering such proportionate shareholding in above 4 companies, the group of company shareholders holding assets in other companies valued at 1,481.01 million baht and paid-up authorized capital of 517.14 million baht. However, the value of company shareholders' equity is equal to 387.11 million baht, including reputation and property value of shareholders group of 4 other companies holding are 1,481.01 million baht that show such shareholders group of company has potential to repay the loan agreement worth 412 million baht by selling company assets both the company and other companies more than the value of loan agreements to such repayment if demand and repayment from investor which is AQ Estate Public Company Limited. Signature ___________________________ ( Mr.Suthad Chankingthong Ms.Ranchana Rajatanavin ) Director Director Authorized to sign on behalf of the company ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.