DOCSLIB.ORG

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

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
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 the appraisal report of WHA Mega Logistics Center Ladkrabang by the 68 Independent Appraiser 1 The opinions of IFA on the acquisition of asset and the connected transaction (For the purpose of translation only) Glossary Trust or WHART WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust WHA or Property Manager WHA Corporation Public Company Limited WHA Group WHA Corporation Public Company Limited and its subsidiaries WHAREM or REIT Manager WHA Real Estate Management Company Limited KAsset or Trustee Kasikorn Asset Management Company Limited WHA Chonlaharnpichit Km.5 WHA Mega Logistics Center Chonlaharnpichit Km. 5, located at Bang Pla Subdistrict, Bang Phli District, Samut Prakan WHA Ladkrabang WHA Mega Logistics Center Ladkrabang located at Khlong Sam Pravet Subdistrict, Ladkrabang District, Bangkok BKKPA Bangkok Property Appraisal Co., Ltd. GRAND Grand Asset Advisory Co., Ltd. Independent Financial Advisor Jaydee Partners Limited or IFA SET The Stock Exchange of Thailand SEC The Securities and Exchange Commission The Notification of SorRor. The Notification of the Office of the Securities and Exchange 26/2555 Commission No. SorRor. 26/2555 (2012) Re: Provisions concerning Lists and Statements in the Trust Deed of the Real Estate Investment Trust, dated November 21st, 2012 (as amended) Regulation of BorJor/Ror 29-00 Regulation of the Stock Exchange of Thailand Re: Listing, Disclosure of Information and Delisting of Real Estate Investment Trust Units B.E. 2556 (BorJor/Ror 29-00) The Notification of BorJor/Por 22- The Notification of the Board of Governors of the Stock Exchange of 01 Thailand Re: Disclosure of Information and the Acts of Listed Companies concerning Connected Transaction B.E. 2546 (2003) dated November 19, 2003 and its amendments (BorJor/Por 22-01) 2 The opinions of IFA on the acquisition of asset and the connected transaction (For the purpose of translation only) 12 May 2016 To: The Unitholders WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Re: Independent Financial Advisor Report on the Acquisition of Asset and the Connected Transaction With reference to the resolution of the Board of Directors meeting of WHA Real Estate Management Company Limited (“WHAREM” or “REIT Manager”) as the REIT Manager of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust ("WHART" or “REIT”) on April 26, 2016, passed a resolution to hold an Extra-ordinary General Meeting of the Trust Unit Holders of WHART Trust No.1/2016 on 2 June 2016 at 1.30 p.m. 8th floor, SJ Infinite One Business Complex Building, 349 Vibhavadi-Rangsit Road, Kwaeng Chompol, Khet Chatuchak, Bangkok, to consider the following items: Second Capital Increase for Additional Investment in Immovable Properties WHART currently has 661,670,000 listed trust units with a par value per unit of THB 9.6281 each, totaling THB 6,370,624,927, and has made investments in freehold and leasehold rights in the initial investment in three projects, namely: (1) WHA Ladkrabang Distribution Center Phase 1 and WHA Ladkrabang Distribution Center Phase 2, (2) WHA Mega Logistics Center (Bangna-Trad Road Km. 18), and (3) WHA Mega Logistics Center (Bangna-Trad Km. 23) and in the first capital increase investment in three projects, namely: (1) WHA Mega Logistics Center (Chonlaharnpichit Km. 4), (2) WHA Mega Logistics Center (Wangnoi 61), and (3) WHA Mega Logistics Center (Saraburi). Based on WHART's investment objectives in raising funds to acquire, lease and/or sublease immovable property, and procure commercial benefits from such property in order to generate income and return for WHART and its trust unitholders, WHAREM’s Board of Directors passed a resolution for WHART to make the second capital increase and to obtain a loan for an investment in additional assets in order to generate revenue and increase the return to trust unitholders. In this respect, WHAREM is required to obtain the approval from the trust unitholders' meeting to carry out such transactions. Details of the transactions are as follows. 1. Additional assets in which WHART will invest The assets in which WHART will make additional investments at this time (the "Additional Investment Assets") include freehold and leasehold rights of assets owned by WHA Corporation Public Company Limited ("WHA"). The details are as set out below: (1.1) WHA Mega Logistics Center Chonlaharnpichit Km. 5, located at Bang Pla Subdistrict, Bang Phli District, Samut Prakan (“WHA Chonlaharnpichit Km. 5”). Details of this asset as follows: . Subleasehold rights of land represented by 1 title deed (title deed no. 129645) as per the sublease agreements dated 26 March 2013 for an area of 66-2-85 rai, with a term of 30 years from 1 April 2013 to 31 March 2043and the remaining lease term of approximately 26 years and 4 months (commencing from 1 December 2016 which is the expected investment date of WHART). Ownership of warehouses and office buildings at WHA Chonlaharnpichit Km. 5, with a total leasable area of approximately 64,031.001 square meters, leasable car parking area of approximately 2,378.90 square meters and a total leasable rooftop area of approximately 50,143.60 square meters. Ownership of other structures and assets which are component parts of the land, buildings, equipment, systems and any assets relevant and necessary for the use of the land, warehouses and office buildings of WHA Chonlaharnpichit Km. 5. 1 The total area according to lease agreements is approximately 62,105.25 square meters. Subsequent to entering into the lease agreements, the warehouses have been modified and resulted in a total usable area of 64,031.00 square meters. In this regard, WHA has submitted applications for building modification permits which are currently the under consideration for the issuance of the permits and building certificates. 3 The opinions of IFA on the acquisition of asset and the connected transaction (For the purpose of translation only) (1.2)WHA Mega Logistics Center Ladkrabang located at Khlong Sam Pravet Subdistrict, Ladkrabang District, Bangkok (“WHA Ladkrabang”) Details of this asset as follows: . Ownership of land represented by 10 title deeds (title deed no. 1482, 42151, 42152, 42153, 42154, 44285, 44286, 44287, 45003 and 45005) with an area of 99-1-51 rai. Ownership of warehouses and office buildings at WHA Ladkrabang, with a total leasable area of approximately 95,110.00 square meters , leasable car parking area of approximately 1,350.00 square meters and a total leasable rooftop area of approximately 59,986.302 square meters. Ownership of other structures and assets which are component parts of the land, buildings, equipment, systems, and any assets relevant and necessary for the use of the land, warehouses and office buildings of WHA Ladkrabang. The details of the Additional Investment Assets in accordance with (1) and (2) above can be summarized as follows: - Title deed area (the portion to be invested in by WHART : 166-0-36 rai only as specified in the land title deed) - Total leasable building area of the portion to be invested : approximately 159,141.00 square in by WHART meters - Total leasable car parking area of the portion to : approximately 3,728.90 square be invested in by WHART meters - Total leasable rooftop area of the portion to be invested : approximately 110,129.90 square in by WHART meters In this regard, WHAREM has appointed Bangkok Property Appraisal Co., Ltd. (“BKKPA”) and Grand Asset Advisory Co., Ltd. (“GRAND”) as independent appraisers to appraise the value of the Additional Investment Assets. The investment in the Additional Investment Assets by WHART shall be for no more than THB 4,190,000,000 (exclusive of value added tax, registration fees, specific business tax, other relevant fees and expenses) (the assets specified in the information disclosure form for the offer for sale of trust units are to be considered as the assets which WHART will invest in). Before such investments are made by WHART, WHA will hold
Load more

Recommended publications
  • For Delisting of Securities)
    (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 1. The Company’s status in terms of past and projected operational performance 2 2. Opinion on the accuracy of the Company’s information shown in the tender 14 offer statement 3. Any relationship or agreement between the Company’s director/s, whether on 14 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.) 3.1 Relationship between the Company’s director/s and the Offerors 14 3.2 Shareholding by the Company’s directors in the Offerors, persons in the 14 same group as the Offerors and persons under Section 258 of the Offerors 3.3 Related party transactions 14 3.4 Other agreements or contracts 15 4. Opinion of the Board of Directors of the Company to the securities holders 18 4.1 Reasons to accept and/or reject the tender offer 18 4.2 Opinions and reasons of the individual directors and the number of shares 19 held by them 4.3 Benefits or impacts from the plans and policies indicated in the tender offer 19 and viability of such plans and policies 4.4 Additional opinions of the Board of Directors of the Company 22 5.
    [Show full text]
  • Ratchaburi Ratchaburi Ratchaburi
    Ratchaburi Ratchaburi Ratchaburi Dragon Jar 4 Ratchaburi CONTENTS HOW TO GET THERE 7 ATTRACTIONS 9 Amphoe Mueang Ratchaburi 9 Amphoe Pak Tho 16 Amphoe Wat Phleng 16 Amphoe Damnoen Saduak 18 Amphoe Bang Phae 21 Amphoe Ban Pong 22 Amphoe Photharam 25 Amphoe Chom Bueng 30 Amphoe Suan Phueng 33 Amphoe Ban Kha 37 EVENTS & FESTIVALS 38 LOCAL PRODUCTS & SOUVENIRS 39 INTERESTING ACTIVITIS 43 Cruising along King Rama V’s Route 43 Driving Route 43 Homestay 43 SUGGEST TOUR PROGRAMMES 44 TRAVEL TIPS 45 FACILITIES IN RATCHABURI 45 Accommodations 45 Restaurants 50 Local Product & Souvenir Shops 54 Golf Courses 55 USEFUL CALLS 56 Floating Market Ratchaburi Ratchaburi is the land of the Mae Klong Basin Samut Songkhram, Nakhon civilization with the foggy Tanao Si Mountains. Pathom It is one province in the west of central Thailand West borders with Myanmar which is full of various geographical features; for example, the low-lying land along the fertile Mae Klong Basin, fields, and Tanao Si Mountains HOW TO GET THERE: which lie in to east stretching to meet the By Car: Thailand-Myanmar border. - Old route: Take Phetchakasem Road or High- From legend and historical evidence, it is way 4, passing Bang Khae-Om Noi–Om Yai– assumed that Ratchaburi used to be one of the Nakhon Chai Si–Nakhon Pathom–Ratchaburi. civilized kingdoms of Suvarnabhumi in the past, - New route: Take Highway 338, from Bangkok– from the reign of the Great King Asoka of India, Phutthamonthon–Nakhon Chai Si and turn into who announced the Lord Buddha’s teachings Phetchakasem Road near Amphoe Nakhon through this land around 325 B.C.
    [Show full text]
  • List of Thai Green Label Update February, 2017
    List of Thai Green Label Update February, 2017 123 Valid Product Criteria of Green Label No. Product Criteria No. Product Criteria 1 Recycled plastics TGL-01-R2-12 63 Electric thermo pot TGL-63-12 2 Fluorescent lamps TGL-2-R4-15 64 Vacuum TGL-64-12 3 Refrigerators TGL-3-R3-11 65 Hand Dryer TGL-65-12 4 Paints TGL-4-R3-14 66 Fabric Softeners TGL-66-12 5 Ceramic Sanitary Wares : Water Closets TGL-5-R3-11 67 Secondary batteries for portable applications TGL-67-12 6 Primary Battery TGL-6-R1-10 68 Car Battery TGL-68-12 7 Room Air Conditioner TGL-7-R3-14 69 Furniture TGL-69-12 8 Paper TGL-8-R2-11 70 Doors and Windows TGL-70-12 9 Printing and writing paper TGL-8/1-15 71 Rubber Floorcovering TGL-71/1-12 10 Sprays with zero ODP & GWP substances TGL-9-R1-06 72 Plastic Floorcovering TGL-71/2-12 11 Laundry Detergent Products TGL-10-R1-10 73 Lubricant oil change service station TGL-72-12 12 Faucets and Water Saving TGL-11-R2-11 74 Electric rice-cooker TGL-73-12 13 Computers TGL-12-R2-15 75 Luminaires for double-capped fluorescent lamp TGL-74-12 14 Clothes Washing Machines for Household Use TGL-13-R2-12 76 Stamps, Stamp ink, and Stamp pads TGL-75-13 15 Building Materials: Thermal Insulation TGL-14-R1-11 77 Adhesive TGL-76-13 16 Rubber Insulations TGL-14/2-R1-11 78 Paper printing service TGL-77-13 17 Motors TGL-15-98 79 Cleaning service TGL-78-13 18 Products Made from Cloth TGL-16-R1-11 80 Meeting, Seminar, and Training Services TGL-79-13 19 Laundry Services and Dry Cleaning Services TGL-17-R1-13 81 Photocopier leasing service TGL-80-13 20 Shampoo TGL-18-R1-11
    [Show full text]
  • Assessments of Public's Perceptions of Their
    International Journal of Asian History Culture and Tradition Vol 3, No.2, pp. 21-29, August 2016 Published by European Centre for Research Training and Development UK (www.eajournals.org) ASSESSMENTS OF PUBLIC’S PERCEPTIONS OF THEIR SATISFACTIONS TO THEIR PARTICIPATING ACTIVITIES ON THE LOTUS THROWING (RUB BUA) FESTIVAL TOWARD CULTURAL HERITAGE OF BANG PHLI COMMUNITIES IN THE 80TH IN 2015 “ONE OF THE WORLD: ONLY ONE OF THAILAND‖ Maj. Gen. Utid Kotthanoo, Prasit Thongsawai, Daranee Deprasert, and Thitirut Jaiboon Southeast Bangkok College, Bang Na, Bangkok, Thailand 10260 Tel: +66 (0)8 4327 1412 Fax: +66 2 398 1356 ABSTRACT: This research is reported an important of the favorite festivals in Thailand, which is the lotus throwing (Rap Bua) festival in Bang Phli, Samut Prakan. This is basically what happens as countless thousands of local public line the banks of Samrong Canal to throw lotus flowers onto a boat carrying a replica of the famous Buddha image Luang Poh To. The aims of this research are to describe for assessing public’s perceptions of their participants who go to Wat Bang Phli Yai Nai which, for obvious reasons, has the best atmosphere, to compare between public’s perception of their gender of their satisfactions to the entire route from start to finish of the boat carrying the Buddha image wasn’t scheduled to pass the front of Wat Bang Phli Yai Nai toward their participated activities. Associations between public’s participating activities and their satisfied of the lotus throwing (Rap Bua) festival were assessed. Using the qualitative data with interview, observation, and participated memberships’ activities were designed.
    [Show full text]
  • MALADIES SOUMISES AU RÈGLEMENT Notifications Received Bom 9 to 14 May 1980 — Notifications Reçues Du 9 Au 14 Mai 1980 C Cases — Cas
    Wkty Epldem. Bec.: No. 20 -16 May 1980 — 150 — Relevé éptdém. hebd : N° 20 - 16 mal 1980 Kano State D elete — Supprimer: Bimi-Kudi : General Hospital Lagos State D elete — Supprimer: Marina: Port Health Office Niger State D elete — Supprimer: Mima: Health Office Bauchi State Insert — Insérer: Tafawa Belewa: Comprehensive Rural Health Centre Insert — Insérer: Borno State (title — titre) Gongola State Insert — Insérer: Garkida: General Hospital Kano State In se rt— Insérer: Bimi-Kudu: General Hospital Lagos State Insert — Insérer: Ikeja: Port Health Office Lagos: Port Health Office Niger State Insert — Insérer: Minna: Health Office Oyo State Insert — Insérer: Ibadan: Jericho Nursing Home Military Hospital Onireke Health Office The Polytechnic Health Centre State Health Office Epidemiological Unit University of Ibadan Health Services Ile-Ife: State Hospital University of Ife Health Centre Ilesha: Health Office Ogbomosho: Baptist Medical Centre Oshogbo : Health Office Oyo: Health Office DISEASES SUBJECT TO THE REGULATIONS — MALADIES SOUMISES AU RÈGLEMENT Notifications Received bom 9 to 14 May 1980 — Notifications reçues du 9 au 14 mai 1980 C Cases — Cas ... Figures not yet received — Chiffres non encore disponibles D Deaths — Décès / Imported cases — Cas importés P t o n r Revised figures — Chifircs révisés A Airport — Aéroport s Suspect cases — Cas suspects CHOLERA — CHOLÉRA C D YELLOW FEVER — FIÈVRE JAUNE ZAMBIA — ZAMBIE 1-8.V Africa — Afrique Africa — Afrique / 4 0 C 0 C D \ 3r 0 CAMEROON. UNITED REP. OF 7-13JV MOZAMBIQUE 20-26J.V CAMEROUN, RÉP.-UNIE DU 5 2 2 Asia — Asie Cameroun Oriental 13-19.IV C D Diamaré Département N agaba....................... î 1 55 1 BURMA — BIRMANIE 27.1V-3.V Petté ...........................
    [Show full text]
  • Introduction
    Introduction This report, Situation of the Thai Elderly 2019, is a production of the National Commission on Older Persons which has the responsibility to issue this report in accordance with Article 9(10) of the Elderly Act of 2003, and present the findings to the Cabinet each year. Ever since 2006, the National Commission on Older Persons has assigned the Foundation of Thai Gerontology Research and Development Institute (TGRI) to implement this assignment. This edition compiles data and information on older Thai persons for the year 2019, and explores trends in changes of the age structure of the population in the past in order to project the situation of older persons in the future. Each edition of the annual report on the Situation of the Thai Elderly has a particular focus or theme. For example, the 2013 edition focused on income security of older persons, the 2014 issue emphasized the vulnerability of older persons in the event of natural disasters, the 2015 focused on living arrangements of older persons, the 2016 edition focused on the health of the Thai elderly, the 2017 edition explored the concept of active aging in the Thai context of older persons, while the 2018 edition examined Thai elderly and employment. For the current edition (2019), the focus is on the social welfare of the elderly. In one sense, ‘Social Welfare’ sounds like a distant dream or ideal for Thai society, especially given the threat of the country’s being caught in the “middle-income trap.” However, if one considers examples of past policy, whether it is education or public health, Thailand should be able to create a system that covers the priority target groups, reduces the burden, and creates opportunities for people to have a good quality of life.
    [Show full text]
  • Written Statement on Human Rights Situation in Thailand Based on List of Issues : Thailand.13/04/2005 CCPR/C/84/L/THA
    Written statement on Human Rights Situation in Thailand based on List of issues : Thailand.13/04/2005 CCPR/C/84/L/THA. by Thai Civic Action Network (Thai-CAN) Submitted as the second part of workshop on “Strengthening the implementation of human rights treaty recommendations through the enchancement of national protection measure” at the 84th session of the United Nations Human Rights Committee In the session its consideration of the State party report of Thailand 18 to 20 July 2005 at the Palais Wilson, Geneva Background : Thai-CAN and its mandates The Thai Civic Action Network (Thai-CAN) is a group of 10 represenatives from the Office of National Human Rights Commission, non-governmental organisations and media organisations. The group was funded by the European Union to attend a training workshop on “Strengthening the implementation of human rights treaty recommendations through the enhancement of national protection measures” organised by the Office of the United Nations High Commissioner for Human Rights (OHCHR) from 9 to 13 May 2005 . As the second part of the training project, the group is invited to attend the 84th Session of the United Nation Human Rights Committee and its consideration of the State party report of Thailand from 19-20 July 2005. Thai-CAN submitted a written statement to the committee as part of its concern on human rights situation in Thailand. The statement also constitutes a practical training exercise. This statement was launced for an initial local workshop from particapation of all stakeholders. Most of informations and fact findings were contributed through this diverse cooperation.
    [Show full text]
  • Braun (10 Pages)
    International Journal of Agricultural Technology 2018 Vol. 14(7): 1921-1930 Available online http://www.ijat-aatsea.com ISSN: 2630-0613 (Print) 2630-0192 (Online) The development of organic farming promoting manual for agriculturists of Ban Nongtokpan Tambon Nongtokpan, Amphoe Yang Talat, Kalasin province Siriwatthanamichai, N. and Kurukodt, J. Faculty of Environment and Resource Studies, Mahasarakham University, Maha Sarakham, Thailand, 44150. Siriwatthanamichai, N. and Kurukodt, J. (2018). The development of organic farming promoting manual for agriculturists of Ban Nongtokpan Tambon Nongtokpan, Amphoe Yang Talat, Kalasin province. International Journal of Agricultural Technology 14(7): 1921-1930. Abstract The behavior using of chemicals in rice fields farmers of Ban Nongtokpan, Nongtokpan sub-district, Yang Talat district, Kalasin province, was investigated to develop a manual for organic farming for Ban Nongtokpan farmers, and compared knowledge, attitude and skill of doing organic farming for farmers of Ban Nongtokpan. The sample used as the chemical use behavior of farmers were 55 peoples from 25% farmers of Ban Nongtokpan, and the sample used in organic farming training were 35 farmers of Ban Nongtokpan, Nongtokpan sub-district, Yang Talat district, Kalasin province by volunteery. The research found that farmers had understood and knew how to apply agricultural inputsin rice fields at low level / 81.85. The farmers who use the training manual had advanced to learn for 63.86%. The farmers attending training gained knowledge and attitude after training rather than pre- training, then the farmers got a good skill in organic farming. Keywords: organic farming manual, farmers, using of chemicals in rice fields, knowledge, attitude, skills Introduction Thailand is an agricultural country.
    [Show full text]
  • Annual Report
    ANNUAL REPORT 2017 Vision To be the customer’s first in mind of photographic solution provider Mission • We provide photographic solutions to our customers • We offer superior customer service to our customers • We build trust and long-term relationship with our customers Target To be finest-service provider to ensure the effective and maximum satisfaction to customers Content Message from the Board 3 Financial Highlight 5 Broad of Directors and Management 7 General Information 9 Business Characters 16 Major changes and Developments 18 Risk Factors 19 Securities and Shareholders Information 25 Dividend Policy 26 Management Structure 27 Corporate Governance 35 Corporate Social Responsibility 42 Related Transaction 47 Management Discussion and Analysis 52 Financial Position and Financial Performance 59 Report of the Broad of Directors on Financial Report 92 The Audit Committee Report 93 Profile and Detail of Directors and Management 95 Message from the Board Mr. Chan Thienkanjanawong Chairman 3 Dear Shareholders During the last quarter of 2017, Thailand's economic circumstance has shown the sign of improvement. Although there was a slowdown in purchasing power at the first half of the year, including effort to encourage the economy by issuing policies from the government sector in order to help consumers to spend more at the end of the year. This is a good sign for the retail sector in 2018. However, Big Camera Corporation PLC. still able to maintain satisfactory operating performance, even lower than expected target, due to the economy and the slowdown in purchasing power during the important event of Thai people. The total revenue growth in 2017 was 8% , with 6,043 million Baht total revenue and 774 million Baht net profit.
    [Show full text]
  • Thailand (EGAT), and a 25-Year Gas Supply Agreement (GSA) with PTT Public Company Limited (PTT)
    Social Safeguards Compliance Audit Report Project Number: 44946 May 2011 THA: Nong Saeng Natural Gas Power Project THA: Nong Saeng Natural Gas Power Project Social Safeguards Compliance Audit Report I. INTRODUCTION 1. The Nong Saeng Natural Gas Power Project (the ‘Project’) entails the construction of a 1,600- megawatt combined cycle power plant in Nong Saeng district, Saraburi Province, 100 km north of Bangkok. The Project’s power station components are located in Nong Saeng District in Saraburi Province while the water reservoir area is located in Pha Chee District, Ayuthaya Province. The Project will be developed and implemented under a 25-year power purchase agreement (PPA) with the Electricity Generation Authority of Thailand (EGAT), and a 25-year gas supply agreement (GSA) with PTT Public Company Limited (PTT). Project construction and operation costs and fuel costs are passed through to EGAT under the PPA. The Project is a public-private partnership (PPP) under the Independent Power Producers (IPP) program that utilizes commercial energy from power plants with capacities greater than 90 MW. An interconnecting pipeline from the plant will connect to PTT’s existing Wangnoi-Kaengkoi transmission pipeline 20 kilometers away. A new transmission line will also be constructed to connect to EGAT’s system 1.5 kilometers away. The Project is owned by Gulf JP NS Company Limited (the ‘Company’). 2. A Mission1 was fielded on 8-10 March 2011 to conduct an environmental and social due diligence of the Project. The Mission visited the Project site including the point of connection of water and gas pipelines, drove along the alignment of the water and gas pipelines, and interviewed affected people.
    [Show full text]
  • Invitation to the Extraordinary Trust Unitholders' Meeting Of
    (Translation) 18 May 2018 Re: Invitation to the Extraordinary Trust Unitholders’ Meeting of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust No. 2/2018 To: Trust Unitholders of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust Enclosure: 1. Minutes of the Annual General Meeting for the year 2018 of Trust Unitholders of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust 2. Information on Immovable Properties of WHART’s Fourth Additional Investment 3. Summary of Asset Appraisal Report of the Independent Appraisers 4. Information Memorandum on WHART’s Acquisition of Assets and Related Party Transactions (Persons Related to the REIT Manager) 5. Information Memorandum on WHART’s Related Party Transactions (Persons Related to the Trustee) 6. Capital Increase Report Form 7. Objectives and Rationale for the Capital Increase and Allotment of the Additional Trust Units Issued and Offered for Sale 8. Forecasting Report on Profit and Loss Statement and Profit Allocation Under Annual Assumption from 1 January to 31 December 2019 9. Opinion Report of the Independent Financial Advisor on Acquisition of Assets and Related Party Transaction 10. Trustee’s Opinion 11. Clarification on Procedures of Meeting Registration, Meeting Attendance and Empowerment of Proxies 12. Proxy Forms 13. Information on Independent Directors of WHA Real Estate Management Co., Ltd. for Trust Unitholders’ Proxy 1 14. Map of the Meeting Venue 15. List of Trust Unitholders WHA Property Management Co., Ltd. (the “Company”), in its capacity of the REIT Manager of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (“WHART”) deems it appropriate to hold the Extraordinary Trust Unitholders’ Meeting of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust No.
    [Show full text]
  • Business Philosophy Somboon Triple Bottom Line
    Business Philosophy Somboon Triple Bottom Line SMART PEOPLE BUSINESS TRUST GROWTH SOCIETY Creating value Creating value for Creating opportunities for Ourselves, Stakeholders for Strength of Society Organization, and Society 2 Corporate Sustainability Report 2018 Contents Message from the Board of Directors 04 1. Company General Information 06 1.1 Business Value Chain 07 1.2 Shareholding Structure 08 1.3 Main Products and Proportion of Revenues 09 1.4 Market Share of Main Products 10 1.5 Organization Structure 11 1.6 Vision Mission 12 1.7 Important Development 13 1.8 Awards and Appreciations 14 2. Sustainable Development 16 2.1 Sustainable Development Policy 17 2.2 Sustainable Development Master Plan 18 3. About the Report 19 4. Smart People 25 4.1 Good People Development 26 4.2 Smart People Development 30 4.3 Evaluation of Operational Results 34 5. Business Trust 36 5.1 Corporate Governance 37 5.2 Anti-Corruption 40 5.3 Tax Action 41 5.4 Risk Management 42 5.5 Labor and Human Right Works 45 5.6 Safety and Preparation for Emergency Situations 47 5.7 Relationship Building and Mutual Development with Customers 48 5.8 Responsibility towards consumers 49 5.9 Value chain management 50 5.10 Environmental management and energy conservation 52 5.11 Innovation in business processes for sustainability 56 5.12 Mutual value creation in agricultural machine business 57 6. Growth Society 59 6.1 Creating education opportunity 60 6.2 Bangchalong sub-district elderly learning center project 61 6.3 Developing life quality to disadvantaged people 62 6.4 Making of good deeds for society by employees of somboon group 61 7.
    [Show full text]