RBF is light! Lo sell 2 hotels “Novotel Chumphon – Ibis Styles Chiang Mai” worth more than 272 million baht, immediately pushing profit of 60 million baht next year.
R&B Food Supply Public Company Limited (RBF) stated that the Board of Directors (Board) meeting has approved the sale of leasehold rights of land and buildings, materials, equipment and buildings of the Novotel hotel. Chumphon Beach Resort and Golf invested by Thai Flavor and Fragrance Company or TFF, a subsidiary to J.P.S. Holding or JPS, which is a connected person of the Company. Total value of 87 million baht
Including the sale of leasehold rights of land and buildings, materials, equipment and buildings of the ibis style Chiang Mai hotel invested by Premium Foods Co., Ltd. Which is a subsidiary of River Kwai Botanic Garden or RKBG, a connected person of the Company. The total value is 185 million baht, totaling 272 million baht. However, the company has to propose the said plan to the annual general meeting of shareholders 2021
RBF is a manufacturer and distributor of food ingredients in accordance with customer orders. And under the brand of the company
With the hotel business distribution plan this time Will result in the company not having to bear the cost And expenses in the said business Which are currently affected by the COVID-19 situation As for the Company’s operating results for the year 2020 with a net profit of 519.02 million baht, in the hotel business still has a loss of approximately 60 million baht, which if this asset disposal plan is completed, the company will not have to bear any losses say And will have an additional net profit this year approximately 60 million baht immediately.
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