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(Translation)

Opinion of the Company on the Tender Offer for Securities (Form 250-2)
(For Delisting of Securities)

of

Eternity Grand Logistics Public Company Limited

Tender Offerors:

Hitachi Transport System (Thailand), Limited

And

Hitachi Transport System (Asia) Pte. Limited

Shareholders’ Advisor:

Advisory Plus Company Limited

August 11, 2011

Table of Contents
Page

  • 2
  • 1. The Company’s status in terms of past and projected operational performance

2. Opinion on the accuracy of the Company’s information shown in the tender offer statement
14
3. Any relationship or agreement between the Company’s director/s, whether on his/their own behalf or in capacity as the Company’s director/s or as the Offerors’ representative/s, and the Offerors, including the shareholding by the Company’s director/s in the Offerors’ juristic entity and any contract or agreement made or to be made between them in various matters (such as management, etc.)
14

  • 3.1 Relationship between the Company’s director/s and the Offerors
  • 14

  • 14
  • 3.2 Shareholding by the Company’s directors in the Offerors, persons in the

same group as the Offerors and persons under Section 258 of the Offerors

  • 3.3 Related party transactions
  • 14

15

18

18 19
3.4 Other agreements or contracts

4. Opinion of the Board of Directors of the Company to the securities holders

4.1 Reasons to accept and/or reject the tender offer 4.2 Opinions and reasons of the individual directors and the number of shares held by them

4.3 Benefits or impacts from the plans and policies indicated in the tender offer and viability of such plans and policies
19
4.4 Additional opinions of the Board of Directors of the Company

5. Opinion of the Shareholders’ Advisor

22

24

24 55 57
5.1 Appropriateness of the offering price 5.2 Reasons to accept and/or to reject the tender offer 5.3 Benefits or impacts from the plans and policies indicated in the tender offer and viability of such plans and policies

5.4 Benefit to and impacts on the shareholders who decline the tender offer 5.5 Conclusion of opinion of the shareholders’ advisor
60 61

Form 250-2

“This English Translation has been prepared solely for the convenience of foreign shareholders of Eternity Grand Logistics Public Company Limited and should not be relied upon as the definitive and official Opinion of the Company on Tender Offer for Securities. The Thai language version of the Opinion of the Company on Tender Offer for Securities is the definitive and official document for the Opinion of the Company on Tender Offer for Securities and shall prevail in all respects in the event of any inconsistency with the English translation.”

Opinion of the Company on the Tender Offer for Securities

August 11, 2011
Dear Securities Holders:
On July 22, 2011, Eternity Grand Logistics Plc. (hereinafter called “ETG” or “the
Company”) received a copy of the statement of a tender offer for our securities from Hitachi Transport System (Thailand), Ltd. (“HTST”) and Hitachi Transport System (Asia) Pte. Ltd. (“HTSA”) (hereinafter collectively called “the Offerors”), with details as follows:

Amount of securities to be purchased
Amount of securities to be purchased as % of
Offer price per Total tender unit 1/ (Bt.) offer value
(Bt.)
Total amount
Total amount of

securities sold of the Company
Type of securities
Shares/Un its
Voting rights of voting rights of the Company
Ordinary

  • shares
  • 701,819

-
701,819
-
0.50
-
0.50
-
5.74
-
4,028,441.06
-
Preferred

shares
-

-
--
--
--
--
--
Warrants Convertible debentures

  • -
  • -
  • -
  • -
  • -
  • -

Other

securities (if any)

  • Total
  • 0.50
  • Total
  • 4,028,441.06

Note 1/ The Offerees are obligated to pay a brokerage fee of 0.25% of the offer price and a value added tax of 7% of the brokerage fee. Therefore, they will receive a net price of Bt. 5.724645 per share.

The tender offer period will cover 45 business days from July 25 to September 26, 2011 during the office hours of 9.00 a.m. - 4.30 p.m. of every business day. The said tender offer period is a final period without any further extension, unless any of the following conditions takes place:

-

The Offerors may reduce the offer price or extend the tender offer period if there is any event with a material adverse impact on the Company’s status or assets occurring during the tender offer period.

- 1 -

-

The Offerors may amend the offer terms or extend the tender offer period in order to compete with any other person who has also submitted a tender offer for the Company’s securities during the said tender offer period.

The Company has considered the tender offer proposal by paying due regards for the securities holders’ interest and would like to express our opinion as follows:

1. The Company’s status in terms of past and projected operational performance together with the assumptions applied

Past performance

Eternity Grand Logistics Plc. (“ETG” or “the Company”) was incorporated on May 13,
2002 in the name “Eternity Transport 2002 Co., Ltd.” (later renamed Eternity Grand Logistics Plc.) with an initial registered capital of Bt. 5 million. Its promoter is the Thiapairat Family which has more than 30 years of skill and experience in the customs clearance service and the fullyintegrated logistics service. The business objective of ETG is to operate the domestic goods transportation and distribution services, auxiliary equipment procurement services for transportation, and transport-related consulting services.

ETG registered a conversion into a public limited company on September 9, 2005 and listed its shares on the Market for Alternative Investment (“MAI”) on November 29, 2006. In 2008, it increased the registered capital from Bt. 115 million to Bt. 140 million (current registered capital) through an issuance and offering of 25 million new ordinary shares, representing 17.86% of the paid-up registered capital after such capital increase, for sale at a price of Bt. 5.10 per share to Aichi Kaiun Co., Ltd. (“Aichi”), a Japan-based entity providing a full range of transport and logistics services in Japan.

Presently, ETG and its subsidiaries are operating fully-fledged logistics services, entailing three core activities, namely, 1) customs clearance services with a license for customs brokerage No. 12 granted by the Customs Department; 2) transportation and distribution services consisting of container haulier services, contract transport services, and cross border transport services to countries in the Great Maekhong Sub-region (GMS); and 3) warehouse management services with its own warehouses. In addition, they have provided other support services such as duty refund services, application for customs-related documents or permits, auxiliary service and equipment procurement services, packing services, goods handling services, goods sourcing according to customers’ requirements, etc.

- 2 -

Structure of ETG Group

HTSA

58.50%

Others

0.50%

HTST

51.00%

Eternity Grand Logistics Plc.
(ETG)
Paid-up share capital of Bt.
140 million

70%*
100%

  • 100%
  • 70%

Eternity Transport
Co., Ltd.

Eternity Logistics
Co., Ltd.

  • Eternity Consulting and Service
  • Pands Group Logistics

  • Co., Ltd.
  • Co., Ltd.

  • (ECS)
  • (ETL)

(PGL)

(ETC)

Paid-up share capital of Bt. 5 million
Paid-up share capital of Bt. 20 million
Paid-up share capital of
Bt. 100 million

Paid-up share capital of Bt. 20 million

(Ceased operation and under liquidation)

50%
30%

M Transport Co., Ltd.
(EMT)

*

Other shareholders of PGL are Mr. Thumchal Samitasiri, 19%; Mrs. Thidaporn

Paid-up share capital of
Bt. 1 million

(Ceased operation and under liquidation)

Samitasiri, 7%; and other six shareholders, 4%; neither of whom are related persons with the Company.

ETG and its three subsidiaries (still operational) have engaged in businesses that are related to and supporting each other, as described below:

-

ETG: Providing customs clearance services for import and export of goods and other customs-related services, container haulier services, and transportation and distribution services.

-

ETL: Providing warehousing services, warehouse management services, cargo transportation and distribution, sourcing goods according to customers’ requirements, sales promotion and other related basic auxiliary services such as pick and pack, packing, etc.

--

ECS: Providing real estate management services to subsidiaries in the group, including administration of the group’s office buildings and warehouses, truck parking and container yard on Lat Krabang Road, etc.

PGL: Providing logistics services for bulk cargoes, including agricultural raw materials (rice, corn and soy beans), fertilizers, minerals, etc., land and marine cargo handling, warehouse management, and cross border transport to neighboring countries such as Laos, Vietnam, Cambodia, etc.

- 3 -
On April 5, 2011, ETG’s major shareholders, namely the Thiapairat Family and their related persons and Aichi Kaiun Co., Ltd. (“Aichi”), sold their aggregate 108,908,071 shares in the Company, representing 77.79% of ETG’s total paid-up share capital,1 to HTST and HTSA. This has led to a material change in the Company’s major shareholding structure, with HTST and HTSA owning a stake of 51.00% and 26.79% of ETG’s total paid-up share capital respectively. As such, HTST and HTSA are obligated to make a mandatory tender offer for all shares from other minority shareholders in accordance with the SEC Notification No. KorChor.53/2545 Re: Rules, Conditions and Procedures for the Acquisition of Securities for Business Takeovers (“SEC Notification No. KorChor.53/2545”). The tender offer was already filed on April 21, 2011, with a tender offer period from April 26 to June 3, 2011. After the end of the said tender offer period, the Offerors, as of June 9, 2011, held an aggregate of 99.50% of ETG’s total paid-up share capital (with HTST and HTSA holding a stake of 51.00% and 48.50% respectively).

The Offerors have an intention to apply for a voluntary delisting of ETG shares from the
MAI (“Delisting of Shares”). On May 25, 2011, the Company’s Extraordinary General Meeting of Shareholders No. 1/2011 resolved to approve the Delisting of Shares. Then on June 3, 2011, the Stock Exchange of Thailand (“SET”) submitted a letter notifying the Company of its approval of the application for the Delisting of Shares subject to a condition that the Company must arrange for the Offerors or a person designated by the Offerors to make a tender offer within a maximum tender offer period of 45 business days, which is in compliance with this tender offer (referring to the tender offer submitted to the Office of the Securities and Exchange Commission (“SEC”) on July 22, 2011), before the SET will further consider determining the date of delisting of the Company’s shares. The Offerors consist of 1) HTST which is a company registered and established in Thailand, having a registered capital of Bt. 18 million (as of April 1, 2011), and has engaged in domestic transport management, warehousing services, import/export documentation services, and domestic and international trading agent services; and 2) HTSA which is an entity registered and incorporated in Singapore, having a registered capital (as of June 9, 2011) of SGD 12 million (equivalent to approximately Bt. 302.64 million based on the average exchange rate (selling rate) of the Bank of Thailand quoted on June 30, 2011 at Bt. 25.2204/SGD), and has been a provider of advice and support to customers in the logistics industry, cartage and haulage services, hiring out of cranes, and inspection and packing services. Both HTST and HTSA are members of Hitachi Transport System Ltd. (“HTS”) (HTS owns shares in HTST and HTSA in an amount of 43.67% and 100% respectively). HTS is a listed entity on Tokyo Stock Exchange, having a paid-up registered share capital (as of March 31, 2011) of 16,802 million yen (equivalent to approximately Bt. 6,480.52 million based on the average exchange rate (selling rate) of the Bank of Thailand quoted on June 30, 2011 at Bt. 38.5703/Yen 100). HTS provides a fullyintegrated third party logistics service, including transportation, storage and information system through a one-stop shop, ranging from procurement to sales via its global logistics network of more than 400 bases across Japan and overseas.

1 - HTST acquired 71,400,000 shares from the Thiapairat Family and their related persons, representing
51.00% of ETG’s total paid-up share capital.

  • -
  • HTSA acquired 9,708,071 shares from the Thiapairat Family and their related persons and another

27,800,000 shares from Aichi, making up a total of 37,508,071 shares or 26.79% of ETG’s total paid-up share capital.

- 4 -
The revenue structure of ETG and its subsidiaries over 2008-2010 and the first three months of
2011 is shown below:

Jan-Mar 2011
2008

Bt. 000’s
2009
Bt. 000’s

84.12 607,244

2010
Bt. 000’s

  • Type of revenue
  • Operated

  • by
  • %
  • %
  • %
  • Bt. 000’s

175.93
40.44

%

1.Transportation and distribution services
ETG PGL
944,438
-
62.05 10.95
645,845 143,131
61.67 13.67
67.60

  • 15.54
  • -
  • 107,126

2. Customs clearance

  • services
  • ETG
  • 84,208
  • 7.50
  • 87,815
  • 8.97
  • 83,415
  • 7.97
  • 20.27
  • 7.79

3.Warehouse

  • management services
  • ETL

PGL ETL PGL ECS ETG ETG
14,986 10,017 47,575
-
1.33 0.89 4.24
-
24,783 14,709 91,049 23,891
463
2.53 1.50 9.30 2.44 0.05 1.22 0.99
28,195 16,282 96,110
2,703
217
2.69 1.55 9.18 0.26 0.02 0.90 2.09
6.72 9.31 5.23
-
2.58 3.58 2.01
-
Product sales
4.Administration services and rents

  • 641
  • 0.06

1.27 0.59

  • -
  • -

14,282
6,613
11,913
9,667
9,474
21,891
0.31 2.03
0.12

  • 0.78
  • 5.Other revenues

  • Total revenues
  • 1,122,760 100.00 978,660 100.00 1,047,264 100.00
  • 260.25 100.00

Board of Directors and shareholders

. ETG Board of Directors
ETG Board of Directors, according to the affidavit certified by the Department of Business Development, Ministry of Commerce, as of May 23, 2011, is composed of seven members as follows:

Position
Name

  • Chairman and Managing Director
  • 1.

2. 3. 4. 5.
Mr. Poonsak Thiapairat 1/ Mr. Shunichi Oinuma 1/ 2/ Mr. Takashi Jinguji 1/ 2/ Mr. Thanapat Pupat 1/ 2/ Mrs. Pochaman Pasawat
Director Director Director Audit Committee Chairman and Independent Director

6.

7.
Audit Committee Member and Independent Director
Mr. Pracha Phathayakorn
Audit Committee Member and Independent Director
Assoc. Prof. Ruth Banomyong

  • Note:
  • 1/ Authorized signatories.

2/ Representatives of the Offerors.

Authorized signatories: Mr. Poonsak Thiapairat, Chairman, authorized to sign with the Company’s seal affixed, or any two of the three directors, namely, Mr. Takashi Jinguji, Mr. Shunichi Oinuma and Mr. Thanapat Phupat, to co-sign with the Company’s seal affixed.

- 5 -

Expected list of ETG Board of Directors after completion of the tender offer

The expected list of directors is subject to change as deemed fit with the shareholding structure, management structure according to the Company’s business plan and policy, and other related factors. In this regard, the said list and position of the directors must be approved by the Board of Directors’ meeting or the shareholders’ meeting of the Company (as the case may be) to be further convened.

In addition, should there be any changes in the board composition such as any resignation or retirement by rotation of any board members, the Offerors will take appropriate actions in conformity with the Company’s Articles of Association and/or the shareholders’ meeting and/or relevant laws. The expected list of ETG Board of Directors after the tender offer is subject to change as deemed fit.

. ETG’s shareholder structure
As of June 15, 2011, ETG had a paid-up registered capital of Bt. 140 million, divided into 140 million ordinary shares with a par value of Bt. 1 per share. Here is a list of its top 10 shareholders:

% of total issued shares/%

  • Name
  • No. of shares held

of total voting rights

1. Hitachi Transport System

  • (Thailand), Ltd.
  • 71,400,000
  • 51.00

2. Hitachi Transport System (Asia)

  • Pte. Ltd.
  • 67,898,181

137,300
62,500
48.50

  • 0.10
  • 3. Thai NVDR Co., Ltd.

4. Ms. Nilawan Toemsinwattana 5. Mr. Suchai Komlittipong 6. Mrs. Nawarat Promlakkano 7. Mrs. Ladaporn Chairuengjitjarat 8. Mr. Sinthop Bamrungkij 9. Ms. Pannee Limpanyakul 10. Mr. Rungkiat Rungrueng-anan

Total top 10 shareholders

Other shareholders
0.04

  • 50,000
  • 0.04

  • 50,000
  • 0.04

  • 50,000
  • 0.04

  • 35,600
  • 0.03

  • 29,200
  • 0.02

  • 25,000
  • 0.02

139,737,781

262,219

140,000,000
99.81

0.19

  • Total
  • 100.00

Expected shareholding structure after completion of this tender offer and the Delisting of Shares from the MAI

If all of the tendered ordinary shares are offered for sale by the offerees, the shareholding structure of the Company will be as follows:

- 6 -

% of total issued shares/% of total voting rights

  • Name
  • No. of shares held

1. Hitachi Transport System

  • (Thailand), Ltd.
  • 71,400,000

1,399,988
51.00
1.00
2. Hitachi Transport System
(Asia) Pte. Ltd.

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    SCG Packaging Public Company Limited First 10 major Shareholders (As of December 31, 2019) Company Profile No. of Ordinary Percent of Shareholders Shares Total Shares Registration No. 0107537000921 (Issued and Paid-up) Head Office Address 1 Siam Cement Road, Bangsue, Bangkok 10800 1. The Siam Cement Public Company Limited 3,095,882,660 99.037 Business Type The Company generates revenue from holding shares in other 2. Mr. Taewan Tantichattanont 2,320,000 0.074 companies (Holding Company), operating core business for 3. Randery Burahmakan Company Limited 1,872,000 0.060 packaging solutions provider which are organized into two main 4. Ms. Orapin Thidarat 1,634,000 0.052 operating segments: integrated packaging chain and fibrous chain, also other relating businesses. 5. Mr. Man Nana 1,563,200 0.050 Initial Registered Capital (as at the registration date of conversion into the Public Limited 6. Roman Catholic Mission of Bangkok 1,068,960 0.034 Company on March 24, 1994) 7. Mr. U-thane Tantichattanont 1,000,000 0.032 Registered Capital: 1,000 Million Baht 8. Mr. Somsak Nana 931,440 0.030 Paid-up Capital: 1,000 Million Baht Issued and paid up ordinary shares of: 100 Million shares 9. Mr. Pipatpong Israsena Na Ayudhya 528,880 0.017 Issued and paid up preference shares: - None - 10. Mr. Yuph Nana 499,440 0.016 Par value of 10 Baht per share 11. Other Shareholders 18,699,420 0.598 Present Registered Capital Registered capital: 4,500 Million Baht Total 3,126,000,000 100.000 Paid-up capital: 3,126 Million Baht Issued and paid up ordinary shares of: 3,126 Million shares Issued and paid up preference shares: - None - Par value of 1 Baht per share Website www.scgpackaging.com Share Registrar Tel: +66 2586 2894 Fax: +66 2586 3007 E-mail: [email protected] Investors can find further information regarding the Company from the Registration Statement for Securities Offering (Form 69-1) and Prospectus which has been disclosed at www.sec.or.th or www.scgpackaging.com.
  • The Name List of the Places Participating in the Project

    The Name List of the Places Participating in the Project

    The name list of the places Camillian Hospital participating in the project: Sukhumvit Hospital Total 2,354 places Wat Pasee School Darakam School Wichit Witthaya School Triam Udom Suksa Pattanakarn School Surao Bang Makhuea School Pathum Kongka School Suraosam-in School Wat Thepleela School Naknawa Uppatham School (Singhaprasitwittaya) Khlong Klantan School Sai Nam Thip School Surao Thap Chang Khlong Bon School Sai Namphueng School Wat Si Bun Rueang School Phibunwet Kindergarten School Triamudomsuksanomklao School Chaem Chan School The Sports Authority of Thailand (Hua Sun Ruam Namchai School Mak) Wattana Wittayalai School Public Health Center 37 (Prasong- Thonglor Police Station Sudsakhon Tuchinda) Khlong Tan Police Station Thawsi Kindergarten School Hua Mak Police Station Wat That Thong Kindergarten School The National Broadcasting Services of Jindawit Kindergarten School Thailand Wat Uthai Tharam School Prawet Police Station Wat Di Sahasaram School Khlongtoei District Office Wat Mai Chong Lom School Suan Luang District Office Tha Ruea Police Station Wat That Thong School Department of Skill Development Tat Thanom But School Thong Temple (Wat That Thong) Somapanusorn School Port of Bangkok Plant Quarantine Station Tubkaew Kindergraten School Panaya Kindergarten School Lamsalee School (Rat Bamrung) Suwattana Kindergarten School Phra Khanong Post Office Srisermwit Kindergarten School Makkasan Police Station Wanlapha Kindergarten School Public Health Center 21 (Wat That Thong) Piyajitvittaya School Public Health Center 35 (Hua Mak) Yukhonthon
  • Annual Report 2019 M.K

    Annual Report 2019 M.K

    ANNUAL REPORT 2019 M.K. REAL ESTATE DEVELOPMENT PLC. M.K. Real Estate Development Public Company Limited Address 6 th - 8th Floor, 345 Surawong Building, No. 345, Surawong Road, Kwaeng Suriyawong, Khet Bangrak, Bangkok, 10500 Tel. 02 234 8888 Fax. 02 234 8880 ANNUAL REPORT 2019 Public Company Registration No : 0107536001567 M.K. REAL ESTATE DEVELOPMENT PLC. CONTENT Message from the Chairman 1 Message from the Chief Executive Officer 2 Policies and Overview of Business Operations 3 Nature of Business 14 Risk Factor 25 Summary of Financial Information 28 Board of Directors 30 General and Other Significant Information 42 Securities and Shareholders 45 Management Structure 51 Corporate Governance 60 Corporate Social Responsibility (CSR) 127 Internal Controls and Risk Management 141 Related Party Transactions 152 M anagement Discussion and Analysis of Financial 158 Independent Auditor’s Report 162 Statement of Financial Position 166 Remark : Investor can study further information from the Company’s form 56-1 which is disclosed at www.sec.or.th or the Company website at www.mk.co.th Message from the Chairman 2019 marked a major step as we moved to a new office and were able to implement the concept of well-being-happy and healthy living for humans, nature and animals, creating quality living whether in terms of energy, the environment, health and safety, in order to achieve sustainable happiness-in various company operations. This goes hand-in-hand with the Sustainability Development Roadmap, which encourages entrepreneurs to be socially, economically and environmentally responsible in how they do business and interact with both internal and external stakeholders and promote “comprehensive wellbeing” at work for all employees.

  • The Opinions of the Independent Financial Advisor on the Acquisition of Asset and the Connected Transaction Regarding Additional Investments in Immovable Properties

    The opinions of IFA on the acquisition of asset and the connected transaction (For the purpose of translation only) The opinions of the Independent Financial Advisor on the acquisition of asset and the connected transaction regarding additional investments in immovable properties of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Presented to Unitholders of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Prepared by Jaydee Partners Limited 12 May 2016 This English report of the Independent Financial Advisor’s Opinions has been prepared solely for the convenience of foreign Unitholders of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust and should not be relied upon as the definitive and official document. The Thai language version of the Independent Financial Advisor’s Opinion is the definitive and official document and shall prevail in all aspects in the event of any inconsistency with this English Translation. 0 The opinions of IFA on the acquisition of asset and the connected transaction (For the purpose of translation only) Table of Contents Page Executive Summary 8 Part 1 The approval of the additional investments in immovable properties 12 Part 2 Summary of the opinion of the Independent Financial Advisor 48 Enclosure 1 General Information of WHA Premium Growth Freehold and Leasehold Real Estate 50 Investment Trust Enclosure 2 Summary of the appraisal report of WHA Mega Logistics Center Chonlaharnpichit 62 Km.5 by the Independent Appraiser Enclosure 3 Summary of
  • List of Hospital Clinic in AIA FCS and OPD Credit (Group)

    List of Hospital Clinic in AIA FCS and OPD Credit (Group)

    List of Hospital and Clinic AIA Corporate Solution Data as of 16 August 2021 Region Province Name of Hospital / Clinic Address IPD OPD Dental Telephone No. No.of Total 2 Soi Soonvijai, New Phetchburi Rd., Bangkapi, Huaykwang, Bangkok Bangkok Bangkok 1 1 Bangkok Hospital Medical Center 10310 FCS CS-OPD - 1719, 0 2310 3000 0 2235 1000, Bangkok Bangkok 2 2 The Bangkok Christian Hospital 124 Silom Rd., Surawong, Bangrak, Bangkok 10500 FCS CS-OPD - 0 2625 9000 80 Soi Sangchan-Rubia, Sukhumvit Rd., Phrakhanong, Klongtoey, Bangkok Bangkok 3 3 Kluaynamthai Hospital Bangkok 10110 FCS CS-OPD - 0 2769 2000 Bangkok Bangkok 4 4 Kluaynamthai 2 Hospital 27 Sukhumvit 68, Bangna, Bangna, Bangkok 10260 FCS CS-OPD - 0 2399 4259-63 Bangkok Bangkok 5 5 Kasemrad Hospital Bangkae 586, 588 Phetkasem Rd., Bangkae Nua, Bangkae, Bangkok 10160 FCS CS-OPD - 0 2804 8959 Bangkok Bangkok 6 6 Kasemrad Hospital Prachachuen 950 Prachacheun Rd., Bangsue, Bangkok 10900 FCS CS-OPD Dental 0 2910 1600-45 Bangkok Bangkok 7 7 Kasemrad Hospital Ramkhamhaeng 99/9 Ramkhamhaeng Rd., Sapansung, Sapansung, Bangkok 10240 FCS CS-OPD - 0 2339 0000 The Faculty of Medicine Vajira Hospital, Bangkok Bangkok 8 8 Navamindradhiraj University 681 Samsen Rd., Wachira Phayaban, Dusit, Bangkok 10300 FCS CS-OPD - 0 2244 3000 Bangkok Bangkok 9 9 Naradhiwas Dental Clinic 48 Naradhiwas Rajanagarindra Rd., Silom, Bangrak, Bangkok 10500 - - Dental 0 2635 0995 Bangkok Smile Dental Clinic, Ploenchit Bangkok Bangkok 10 10 Branch 546/2 Ploenchit Rd., Lumpini, Pathumwan, Bangkok 10330 - - Dental 0 2664 2799
  • Mk AR En 2.Indd

    Mk AR En 2.Indd

    ธ สถิตในดวงใจไทยนิรันดร์ ปวงข้าพระพุทธเจ้า ขอน้อมเกล้าน้อมกระหม่อม ร�าลึกในพระมหากรุณาธิคุณหาที่สุดมิได้ ด้วยเกล้าด้วยกระหม่อม ขอเดชะ ข้าพระพุทธเจ้า คณะกรรมการ ผู้บริหาร และพนักงาน บริษัท มั่นคงเคหะการ จ�ากัด (มหาชน) และบริษัทในเครือ ทรงพระเจริญ ทรงพระเจริญ ด้วยเกล้าด้วยกระหม่อม ข้าพระพุทธเจ้า คณะกรรมการ ผู้บริหาร และพนักงาน บริษัท มั่นคงเคหะการ จ�ากัด (มหาชน) และบริษัทในเครือ Content 01 02 08 Massage From the Chairman Policy and Overview Nature of business of Business Operation 16 17 18 Risk Factor Summary of Financial Board and Advisory Information 20 24 27 Board and General and other Securities and shereholders Management History significant information 28 36 63 Management structure Corporate governance CSR 67 71 75 Internal controls Related Party Transactions MD&A and risk management 77 80 Independent Auditor’s Report Statement of financial position Message from the Chairman The company’s action plan has been changing its structure and the business is cumulative for more growth and to be well competitive in real estate market Mr. Suthep Wongvorazathe in all negative facing factors. Chairman / Chief Executive Office Assiduously follow the Father’s Step During the end of the year 2016, when our beloved King forward the real estate business, e.g., hi-growth of tourism passed away, the undeniable deep grievance has been spreading industry, investment policy in country’s transportation and over the country. We, on behalf of executives and employees new sky train line building. of M.K. Real Estate Development Public Company Limited do In 2017, growth ratio of Thai economy should be closed pay our profoundly respect and royalty to the greatest King who to 2016 ratio and to forecast, it will be gradually flourished always gives the peacefulness to all Thais and also brings about for the year 2017 – 2019 around 2.5 - 4.0% with a support the country development in all areas for 70 years.