On 27 April 2018, Raimon land Plc. held its Annual General Meeting at the Eastin Grand Hotel Sathorn, Bangkok. The shareholders approved the dividend payment from the Company’s retained earnings at the rate of THB 0.0313, or equivalent to THB 111,912,637. The record date for dividend payment is 8 May 2018 and the dividend will be paid on 25 May 2018. The Meeting also approved the issuance of debenture in the amount of not exceeding THB 4.5bn with maturity not exceeding 7 years from the date of issuance. Proceeds from sales of the debenture will be for working capital and for the Company’s new projects expansion.
The Company’s plan to record annual revenue of THB 1-1.5bn in the next 5 years (2023) after signing the joint venture agreement with Tokyo Tatemono to develop 2 luxury condominium projects in Sukhumvit and Sathorn, combined project value of THB 9bn.
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