CEO Ananda landed a letter to the Stock Exchange of Thailand. After ‘Ashton Asoke’ has been revoked, the construction permit is ready to clarify 3 ways to solve the knot of luxury condos worth 6,481 million baht, along with damage assessment. to set aside budget for the second quarter of 2023
Mr. Chanond Ruangkritya, Chief Executive Officer of Ananda Development Public Company Limited, sent a letter explaining to the Stock Exchange of Thailand (SET) on how to solve the problem. After the Supreme Administrative Court revoked the construction permit for the Ashton Asoke condominium project, the letter clarified that the Ashton Asoke project had a total value of 6,481 million baht with a total number of units of 783. units, and there are 668 units that have already been sold and transferred, representing 87% of the number of units offered for sale. or equivalent to 5,653 million baht
The company continues to sell projects continuously. and also have the ability to pay debts according to debt instruments and various obligations that are binding on the Company as well as having the ability to carry out various financial operations as usual
As for the solution to the aforementioned problem, Ananda has prepared 3 approaches to solve the problem, consisting of
1. Collecting Damage solution to urgently contact and negotiate with the relevant government sectors The preliminary damage value It is in the process of evaluating with the company’s auditors and related parties. to consider the reserve in the second quarter of 2023
2. Although the Supreme Administrative Court revoked the license But this damage can still be fixed in accordance with the guidelines proposed by representatives of government agencies as reported in the news. This eliminates the need to solve the problem of building demolition.
In addition, there will be an appointment with relevant government agencies such as the Mass Rapid Transit Authority of Thailand (MRTA) and Bangkok Metropolitan Administration (Bangkok) within 14 days.
and 3. The company is in the process of meeting with relevant government agencies. to find ways to approve or correct damages This will be done in conjunction with several other approaches.
2023-07-31 10:06:00
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