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TRANSCRIPT
Company Overview
Company Name
Head Office
Established
Capital
Employees
Business
Origin Property Public Company Limited
496 Moo.9 Sukhumvit 107 Bearing 16 Samrong Nuea MueangSamutprakan Thailand
Year 2009 ( IPO 2015 )
1,542,740,814 Shares
I. Residential real estate developments – Condominiums and housingsII. Commercial recurring developments – Hotels, Servicing apartments,
and Community Malls III. Services – Property management
Aims to become a development company that covers the entire real estate industry We think more, to offer more so that our customers benefit more Affordable Premium Products – Affordable Premium Mass Deliver a better product and services to achieve customer satisfaction Quality products and Quality selection
496 persons (consolidated basis/full-time employees / as of June 30, 2017)
Origin Grand
Origin House
Origin Prime
Origin Prime 2
Origin Sathorn
Origin One Thonglor
Primo Management
Digital Butler
Primo Retail
Condominium
Housing
Services Business
Primo Realtor
Uno Service
Property development
for sale
Recurring Income
Business
Origin Vertical 2
Origin Sphere
Origin Vertical
Origin Condominium
Origin Ramkhamhaeng
JV Company
Blue Ocean StrategyAvoid intense competitiveness
Mass Transit Extension AreaSeek new potential area to expand
Industrial AreaCreate supply for demands
Leading Mover
Focus on Real Demand
First JobberFirst Home buyer
Young entrepreneurIndustrial Worker
Expat & Retirement Market
Boutique condominiumUnique plan innovationSomething more for economicalUnique concepts to capture all customersPremium facility and after sale services
Living More, Think More,Offer More, Benefit More
Origin Property Public Company Limited
Hotel Service Apartment Retail
Condominium & Housing
II. Recurring Income Business
I. Residential for Sale Business
III. Service Business
Property ManagementProperty AgentProperty Consultant Service & CareService Application
ORIGIN Business
2010 – as of Potential Projects 2017
Highest amount of project launches each year since 2012
Total
Summary of our projects
43 17,487 44,208 MB
No. Detail Project Units Value
1. Completed Projects 21 5,189 11,253 MB.
2. Project Under Construction 9 4,286 9,315 MB.
3. On Pre-sale Projects 4 1,648 6,090 MB.
Total 34 11,123 26,658 MB.
4. Project Launch Q1-Q2/2017 4 4,254 9,450 MB.
5. Potential Projects Q3/2017 4 1,960 7,400 MB.
6. Potential Projects Q4/2017 4 352 1,200 MB.
Total 46 17,689 44,708 MB.
A
Bang Yai - Bang SueProject Value = THB 4,040 mm
1. Notting Hill Tiwanon2. KnightBridge Duplex Tiwanon3. Notting Hill Skyscaper
CD
Laemchabang – SrirachaProject Value = THB 4,830 mm
1. Knightsbridge The Ocean 2. Kensington Laemchabang – Sriracha 13. Kensington Laemchabang – Sriracha 24. Notting Hill Laemchabang – Sriracha
E
B
On Nut – Bearing Project Value = THB 9,918 mm
1. Sense of London 2. Kensington Sukhumvit 1073. Notting Hill Sukhumvit 1074-5. The Knight I & II6. Knightsbridge Sukhumvit 107 7. B-Loft Sukhumvit 1098. Villa Lasalle9. B -Republic Sukhumvit 101/1 10. Pause Sukhumvit 107 A11. Pause Sukhumvit 107 B12. Pause Sukhumvit 10313. Pause ID Sukhumvit 10714. Notting Hill Sukhumvit 10515. Knightsbridge Prime On-Nut
A
Bearing - SamutprakarnProject Value = THB 8,880 mm
1. B-Loft Sukhumvit 1152. Knightsbridge Sky River Ocean 3. Tropicana4. The Cabana5. Pause Sukhumvit 115
B
Mhor Chit - SaphanmaiProject Value = THB 10,790 MB
1. Notting Hill Paholyothin-Kaset2. Knightsbridge Sky City Saphanmai3. Kensington Paholyothin-Kaset4. Notting Hill Saphanmai5. Kensington Kaset Campus6. Kensington Pahol 63 7. Notting Hill Jatujak8. Knightsbridge Paholyothin – Interchange9. Knightsbridge Prime Ratchayothin10. Knightsbridge Kaset Society
CD
E Sathorn – CharoenkrungProject Value = THB 4,250 mm
1. Notting Hill Charoenkrung2. KnightsBridge Prime Sathorn
F
Ramkhamhaeng– MinburiProject Value = THB 2,000 mm
1. Knightsbridge Collage - Ramkhamhaeng
G G
1. B-Loft Sukhumvit 1152. Knightsbridge Sky River Ocean 3. Tropicana4. The Cabana5. Pause Sukhumvit 1156. Notting Hill Praksa
7. Kensington Theparak8. Britania Srinakarin9. Bloft I
16. Bloft II17. Bloft III
5 Railways
8 Condominium Projects
3 Interchanges
1 Housing Project
15,000 MB(New launch growth 32%)
2,500 MB
Origin Project Launches 2017
5 Railways
3 Interchanges
1 Housing Project
18,050 MB(New launch growth 59%)
11 Condominium Projects
Kensington60 – 80 KB / Sq.m
Knightsbridge120 – 200 KB / Sq.m
Britania Housing
Notting Hill 80 – 120 KB / Sq.m
9,500 MB.
4,850 MB.
2,500 MB.
Kensington60 – 80 KB / Sq.m
Knightsbridge120 – 200 KB / Sq.m
Notting Hill 80 – 120 KB / Sq.m
Housing
6,400 MB.5,400 MB.
2,500 MB.
B-loft
New Target
Previous Target
A
CD
E
1
7
3
2
5
9
= CBD= Mid - Town
= Fringe Area
4
6 G
KNIGHTSBRIDGE Phaholyothin Interchange
KNIGHTSBRIDGE Prime Onnut
KNIGHTSBRIDGE Ramkhamhaeng
KNIGHTSBRIDGE Prime Ratchayothin
NOTTING HILL Skyscraper Central Rattanathibet
NOTTING HILL Sukhumvit 105
BRITANIA Srinakarin
KENSINGTON Sukhumvit-Teparak
8KNIGHTSBRIDGE
Kaset Society
Projects Launch 2017
10-11BLoft
12BLoft
Origin Business Plan Summary
• Project Launch 15,000 MB 18,050 MB• Presale Target 13,000 MB 14,000 MB• Revenue Target 6,000 MB 9,000 MB• Origin’s Project Complete 6,870 MB 12,770 MB• Total Backlog 14,385 MB 25,285 MB
(as of Q1/16) (End of 1H/2017)
Business Plan 2017
New Target (Included )
15,000 13,000
6,000 6,870
14,385
18,050
14,000
9,000
12,770
25,285
-
5,000
10,000
15,000
20,000
25,000
30,000
Project Launch Presale Target Revenue Target Origin's ProjectComplete
Total Backlog
Previous Target New Target
20%8%
50%
86%
76%
Previous Target
% GP 46.7% , % NP 19.6% are higher than Q1 2016
YoY : Presale Q1 2017 increase 16%, Transfer Q1 2017 increase 65%QoQ : Presale Q1 2017 decrease 59%, Transfer Q1 2017 decrease 32%
Performance Q1 2017
773
1,6121,366
1,605
5,356
1,2351,735
4,387
3,487
10,844
1,435
489 591270
705
2,055
532 489885
1,294
3,199
878
105 125 32 125386 88 73 158 318
632172
42.8% 40.7%43.5% 44.4% 42.9%
45.3% 43.9% 42.9%47.5%
45.3%46.7%
21.5% 21.1%
11.7%
17.7% 18.8% 16.6% 15.0%17.9%
24.6%
19.9%19.6%
-55.0%
-35.0%
-15.0%
5.0%
25.0%
45.0%
65.0%
0
2000
4000
6000
8000
10000
12000
Q1 Q2 Q3 Q4 Total2015
Q1 Q2 Q3 Q4 Total2016
Q1
Pre-Sale Transfer Total Revenue NP %GP %NP
Growth 15%
Growth 65%
Project Launch vs Pre-Sale 2010-2016, 2017F
Origin Group’s real estate development has been consistently growing in sales since 2010 – 2016 Q1 2017 : Launches a new project of 1,050 MB, Pre-sale 1,435 MB 2017F : Plans to launch total new projects of 18,050 MB (+59%), Target Pre-Sale of 14,000 MB (+23%)
Y2010 Y2011 Y2012 Y2013 Y2014 Y2015 Y2016 Y2017F
Launch 199 300 1,150 2,899 3,850 6,955 11,340 18,050
Pre-Sale 73 405 782 1,474 2,439 5,356 10,844 14,000
199 300
1,150
2,8993,850
6,955
11,340
18,050
73405 782
1,474
2,439
5,356
10,844
14,000
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
MB
63%
59%
23%
102%
Actual1H 2017
4,219 MB
Origin Revenue Target 2017
2017 F : Target Revenues 9,000 MB increase 181%
192.4 418.9 559.4
2,055.1
3,199.0
9,000.0
27.6 64.1 70.3 386.3
637.6
42.9%45.7%
41.8% 42.9%45.3%
14.4% 15.3%12.6%
18.8% 19.9%
-55.0%
-35.0%
-15.0%
5.0%
25.0%
45.0%
65.0%
0.0
1,000.0
2,000.0
3,000.0
4,000.0
5,000.0
6,000.0
7,000.0
8,000.0
9,000.0
10,000.0
Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 F
Total Rev NP (Equity Holder) % GP % NP (Equity Holder)
+ 65%
+ 56%
+ 450%
+ 267%
+ 181%
(Included )
Forecast
Backlog
25,285 MB End of 1H/2017
(Included )
6,825 MB.27.0%
3,540 MB.14.0%
3,285 MB.13.0%
OTHER760 MB.
3.0%
PH14,550 MB.
18.0%
PH26,325 MB.
25.0%
Estimated Finished Project Vs Target Revenues & Backlog (End of 1H/2017)
(Included )
Estimate finish project, 6,870
Estimate finish project, 9,870
Estimate finish project, 14,055
Park24, 5,900
Park24, 5,500
Park24, 5,600
-
-
-
- -
Actual+Forecast, 2,000
Backlog, 4,000
Backlog, 4,757
Backlog, 5,531
Backlog_Park24, 3,000
Backlog_Park24, 4,600
Backlog_Park24, 3,300
Target, 4,643
Target, 8,669
12,770
9,000
15,370
14,000
19,655
17,500
-
5,000
10,000
15,000
20,000
25,000
Finish Proj. Backlog Finish Proj. Backlog Finish Proj. Backlog
2017 2018 2019
Estimated Completed Project vs Target Revenues
Estimate finish project Park24 Tentative project Actual+Forecast Backlog Target
Actual + Backlog
100%
Backlog67%
Backlog50%
1,200 MB.
1,200 MB.
200 MB.1,130 MB.
2,500 MB.
Hampton Sriracha
Hampton Sriracha1,600 MB.
Origin, One of the best benefit gain from EEC.
Industrial Zone – 70% of all export amount in Thailand is from Eastern Seaboard Industrial Area.
Ref: http://
Sriracha City
Bang Phra City
Bang Lamung
Khao Khiao
Sichang Island
AMATACITY
Pinthong1
Pinthong2
Pinthong3
Siam Eastern Industrial Park Hemraj Eastern
Seabord(Rayong)
Hemraj Eastern Seabord
(ESIE)Hemraj Chonburi (CIE)
Holiday inn
Laem Chabang
Potential
Opportunities : Ferry service Pattaya-Huahin-Bangpoo
Ref: http://www.realist.co.th/blog, http://thaipublica.org
The ferry service is the first phase of the government’s new
East-West Ferry Project to connect Pattaya in Chonburi
province and Hua Hin in Prachuap Khiri Khan.
To drive between the towns currently takes 5-7 hours, but
the ferry will shorten travel time by about 1.4 hours.
Huahin
Bangpoo
Pattaya
Potential
Potential
Digital Park Thailand – Thailand Silicon Valley
2.6 km. from Origin
District to Digital
Park Thailand
The area is a prime place where digital products and services are researched developed and tested before their actual market launches
The special economic area to support Thailand’s digital innovation initiative.
Potential
Digital Park Thailand – Thailand Silicon ValleyThe special economic area to support Thailand’s digital innovation initiative.
Asia Industrial Park
3,220 Rai
Hemaraj Eastern Industrial Estate - Map Ta Phut
3,546 Rai
Pa DaengIndustrial Park
540 Rai
Rayong
Industrial Park1,692 Rai
Hemraj
CP
3,068 Rai
Eastern Seabord
11,062 Rai
U-Tapao Airport
Hemraj Eastern
Seabord2,595 Rai
Total area is 3,068 Rai for THB 7.5 billions
expected to operate in the
end of 2016. Currently, the
main investors are Chinese,
Japanese, and Korean.
New Rayong City (Total area 356,75 Rai)
is located on a prime plot adjacent to Rayong city and
amphoe baan kai
Map Ta PhutIndustrial Park
6,949 Rai
IRPC
Industrial Park
New Industrial Park
New Town
Industrial Area
Airport
Industrial Area
Rayong Industrial Park
Amata City 8,634 Rai
Rayong provice has approximately 2,067 factory from all industrial parks. The total investment capital is about THB 1.3 billions. Total
labor force is 161,217 employees approximately 10% is management level or 16,122 employees (Referred to ministry of industry, 2016)
New TownMap Ta Phut
Away from U-TapaoAirport about 5
kilometers.
Aerospace
Industrial Park
(U-Tapao) 150 Rai
Opportunities : Rayong
Holiday Inn & Suites
• The first Business Hotel of our group is developed to support the demands of the biggest industrial estate in Thailand
• Situated in Laemchabang – Borwin
• The 28 storey high building
• Total of 347 units (anticipated completion at 2019)
• We expect to have a based rentals of 38,000 baht –72,000 baht per month
(The development is still under development and is subject to change)
Hampton Sriracha
• This exceptional land plot, has the potential to develop a Top grade Hotel and Serviced Apartment over 42 storey high, 428 units that could support current and future executive Japanese expats residing in the so-called “Japanese Town” at the heart of Sriracha
• However the development is still under development and is subject to change
• We expect to have a based rentals of 38,000 baht – 70,000 baht per month
Knightsbridge The Ocean Sriracha - 36 Storeys / 722 Units- Project Value of 2,500 MB.- Launched Q4/2015- Complete Q4/2017
ORIGIN Projects in Sriracha which benefited from EEC, value of 12,130 MB.
Unit Million Baht
KnightsBridge the Ocean 722 2,500
Kensington Laemchabang1 399 530
Kensington Laemchabang2 399 600
Notting Hill Laemchabang 534 1,200
Total 2,054 4,830
Holiday Inn & Suite 347 2,500
Hampton Siracha 428 2,800
Mix Used project in Rayong ~ 2,000
Total 2,829 12,130
Q3 Project Project Value (MB.)
KnightsBridge Prime Onnut
7,400
KnightsBridge Prime Ratchayothin
KnightsBridge Collage - Ramkhamhaeng
KnightsBridge Kaset Society
Q4 Project Project Value (MB.)
Britania Srinakarin
1,200B-loft Condo 3 Projects
Total 8,600 MB.
Project to be launched in 2H/2017
4 KnightsBridge launch in Q3 / 2017
‘NEW HIGH – 3m CEILING HEIGHT’สัมผัสความโปร่ง โล่ง สบาย กับเพดานสูง 3 เมตรทุกห้อง
‘Another Home’คอนเซ็ปต์ใหม่ของการอยู่อาศัย ที่ยกระดับคุณภาพชีวิตในคอนโดมิเนียมเพิ่มพื้นท่ีพิเศษให้คุณใช้ชีวิตอย่างสะดวกสบาย เสมือนบ้านอีกหลังหนึ่ง
30 m. from Station 600 m. from Station 100 m. from Station 40 m. from Station
• Ready-to-move in Project Inclusive of SDH, DH which will be launched & transfer on Q4/17
(The development is still under development and is subject to change)
Housing Project
Diversification to New Business
Project Completion in the Pipeline 2017
Y2017 Finish Project 12,770 million baht (9 projects)
Completes in Q3-Q4
Completes in Q4
Completes in Q1-Q2
KnightsBridge The Ocean
Kensington Phahol-Kaset
Kensington Laemchabang-Sriracha2
Kensington Laemchabang-Sriracha1
NottingHill CharoenkrungKnightsBridge Sky City Saphanmai
Pause 103
Project Completion in the Pipeline 2017
Y2017 Finish Project 12,770 million baht (9 projects)
(Phase 1)
Corporate Name Nomura Real Estate Holdings, Inc.
Date of Establishment June 1, 2004
Capital ¥ 116,779,573,800 (as of March 31, 2017)
Representative President and Representative Director, Group CEO Eiji Kutsukake
Head OfficeShinjuku Nomura Building, 1-26-2 Nishi-Shinjuku, Shinjuku-ku, Tokyo 163-0566, Japan
Number of Employees 6,457 (as of March 31, 2017 on a consolidated basis)
Company Overview
History
Spun off from Nomura Securities Co., Ltd. And launches real estate business focused on leasing and Management of office buildings.
Lunches condominium development business with the construction of Co-op Takenomaru in Yokohama.
1957 1961 1963
Starts construction of Yokohama Business Park (YBP), the largest business development conducted solely by the private sector.
Unified brand name “PROUD” for residential products and service established.
Completes construction of the Shinjuku Nomura Building and moves the headquarters from Nihonbashi.
1979 1988 2002
Lunches residential land development business with Development of Kajiwarayama residential area in Kamakura, Kanagawa.
History
Nomura Real Estate Holdings, Inc. listed of the firstSection of the Tokyo Stock Exchange.
Completes construction of PMO NihonbashiHoncho, the first development in the PMO series.
NREG Toshiba Building Co., Ltd. Joins the Nomura Real Estate Group.
2006 2008 2008
Bono SAGAMIONO opened. Nomura Real Estate Master Fund. Inc. established.
Completes construction of the NihonbashiMuromachiNomura Building.
2010 2013 2015
Market Trend & Our Share
2010 2011 2012 2013 2014 2015 2016Our Supply 5,036 5,034 6,181 6,517 4,818 4,556 3,253Total 85,356 86,793 93,652 105,113 83,069 78,552 77,085Our Market Share 5.90% 5.80% 6.60% 6.20% 5.80% 5.80% 4.22%
85,356 86,793 93,652
105,113
83,069 78,552 77,085
6.60%5.80% 5.80%
-
20,000
40,000
60,000
80,000
100,000
120,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Our Supply Total Our Market Share
5.80 %6.20%
5.90%No.3 No.2
No.1 No.3
Top 3 in Japanese residential market share
Source : Real Estate Economic Institute Co., Ltd.
No.3 No.2No.34.22%
Operating Revenue & Profit
Operating RevenueFor the fiscal year ended March 2017
¥569.6 billionOperating Profit
For the fiscal year ended March 2017
¥77.2 billion
Company Structure Nomura Real Estate Development Co., Ltd.
Nomura Real Estate Asset Management Co., Ltd.
Nomura Real Estate Urban Net Co., Ltd.
Nomura Real Estate Partners Co., Ltd.
NREG TOSHIBA BUILDING Co., Ltd.
Nomura Real Estate Life & Sports Co., Ltd.
Nomura Real Estate Heating and Cooling Supply Co., Ltd.
Geo Akamatsu Co., Ltd.
Nomura Real Estate Reform Co., Ltd.
Nomura Real Estate Amenity Service Co., Ltd.
NREG TOSHIBA BUILDING FACILITIES Co., Ltd.
PRIME X Co., Ltd.
NF Power Service Co., Ltd.
First Living Assistance Co., Ltd.
NOMURA REAL ESTATE ASIA PTE.LTD.
NOMURA REAL ESTATE HONG KONG LIMITED
Nomura Real Estate Consulting (Beijing) Co., Ltd.
Corporate Name Nomura Real Estate Development Co., Ltd.
Date of Establishment April 15, 1957
Paid-in Capital ¥2 billion (as of April 1, 2017)
Revenue from Operation ¥401 billion(for the fiscal year ended March 31, 2017)
Number of Employees 1,899 (as of April 1, 2017)
Business Operations Residential development, corporate real estate brokerage, commercial property development, building leasing, architectural design
Company Overview
Business of Nomura Real Estate Development
The Five Business of Nomura Real Estate Development
Nomura Real Estate Development expands the possibilities of the real estate business with five business fields: Residential Development
Business, Building Business, Retail Facility Business, Logistics Facility Business, and Corporate Real Estate (CRE) Business.
Office Retail Logistics Corporate Real Estate
Residential
Nomura’s Tower CondominiumTrack records are
Nomura has enough experience and know-how about tower condominium since 1992
80 PROJECT
28,692 UNITS
PROUD Tower Musashi-KosugiPROUD Tower Futako-Tamagawa
Residential Development Business
Residential Development Business
Core BrandDetached
Housing Brand Suburban-Type Brand
(Launched in Dec. 2002) (Launched in Oct. 2003) (Launched in Aug. 2011)
“Relaxed Time for Family” OHANA means “family or family ties” in Hawaiian. Cherishing such feeling of family members, we create the place where we can realize comfortable life.
“The Best Living Space to Spend Time”PROUD signifies that these are residences of which the Occupants, the people who created them and the local community can all be proud.
OHANA Tamagawajosui GardeniaPROUD SEASON Higashi-Funabashi Garden AvenuePROUD Komaba
Residential Development Business
No. 1 No. 2 No. 3
Safety PROUD
BrilliaLuxury PROUD
ParkHOMES
The Parkhouse
Top class PROUD ParkHOMES
Friendliness LIONS MANSION
Reliability PROUD ParkHOMESThe Parkhouse
Sophistication PROUD The Parkhouse
Sense PROUD The Parkhouse
Uniqueness PROUD The Parkhouse
Technology PROUD The Parkhouse
Tradition LIONS MANSION PROUD
Source : 2016 Condominium Brand Survey was compiled based on 1,514 responses selected from the 1,657 responses received online following an ad placed in the morning edition of the May 23, 2016 Nikkei Newspaper calling for participants in the 2016 Condominium Brand Survey.
The Parkhouse
LIONS MANSIONThe Parkhouse
The Parkhouse
Brillia
Brillia
Brillia
The Parkhouse
Aspired-living The Parkhouse Brillia
PROUD is overall No.1 brand image in recognition of safety, security, and quality.
Note : The Parkhouse = Mitsubishi Est a , ParkHOMES = Mitsui Fudos an , LIONS MANSION = Daikyo Group , Brillia = Tokyo Tatemono
Origin Property51 %
Nomura Real EstateDevelopment
49 %
Joint Venture Company
Total Joint Venture Project Value8,600 MB.
Total amount investment plan value2,156 MB.
Origin Prime 2 Co., Ltd.Total Investment Plan Value 589.00 MB.
Origin Ramkhamhaeng Co., Ltd.Total Investment Plan Value 476.00 MB.
Origin Vertical Co., Ltd.Total Investment Plan Value 632.00 MB.
Origin Sphere Co., Ltd.Total Investment Plan Value 459.00 MB.
ELCID on resolution of BOD Meeting
Reference is made to the fact that Origin Property Public Company Limited (the “Company”) convened Board of Directors Meeting No. 8/2017 on 29 July 2017. The Board of Directors Meeting has considered and approved as follows
• The Board of Directors resolved to approve the Company to dispose of its ordinary shares of Origin Prime 2 Co., Ltd. (“Origin Prime 2”), a subsidiary of the Company (a company in which the Company holds 100 percent of the total ordinary shares). Subject to Origin Prime 2 increase of its registered capital to 589,700,000 Baht, the Company will dispose an amount of 28,895,300 shares (par value of 10 Baht per share), which is equivalent to 49.00 percent of the total number of common shares of Origin Prime 2 or equivalent to registered capital of 288,953,000 Baht, to NRED. In this regard, NRED shall pay the total share transfer consideration to the Company in an amount of Baht 400,540,000 (the “Selling Price”).
• The Board of Directors resolved to approve the Company to dispose of it ordinary shares of Origin Ramkhamhaeng Co., Ltd. (“Origin Ramkhamhaeng”), a subsidiary of the Company (a company in which the Company holds 100 percent of the total ordinary shares), Subject to Origin Ramkhamhaeng increase of its registered capital to 476,530,000 Baht, the Company will dispose an amount of 23,349,970 shares (par value of 10 Baht per share) which is equivalent to 49.00 percent of the total number of common shares of Origin Ramkhamhaeng or is equivalent to its registered capital of 233,499,700 Baht, to NRED. In this regard, NRED shall pay the total share transfer consideration to the Company in an amount of THB 311,390,000 (the “Selling Price”).
ELCID on resolution of BOD Meeting (Cont.)
• The Board of Directors resolved to approve the Company to dispose of its ordinary shares of Origin Sphere Co., Ltd. (“Origin Sphere”), a subsidiary of the Company (a company in which the Company holds 100 percent of the total ordinary shares) in an amount of 49,000 shares (par value of 10 Baht per share) to Nomura Real Estate Development Co., Ltd. (“NRED”). The total amount of shares to be disposed to NRED is in an amount equivalent to 49 percent of the total number of common shares of Origin Sphere or is equivalent its registered capital of 490,000 Baht. In this regard, NRED shall pay the total share transfer consideration to the Company in an amount of THB 32,810,000 (the “Selling Price”).
• The Board of Directors resolved to approve the Company to dispose of its ordinary shares of Origin Vertical Co., Ltd. (“Origin Vertical”), a subsidiary of the Company (a company in which the Company holds 100 percent of the total ordinary shares) in an amount of 49,000 shares (par value of 10 Baht per share) to NRED. The total amount of shares to be disposed to NRED is in an amount equivalent to 49 percent of the total number of common shares of Origin Vertical or equivalent to its registered capital of 490,000 Baht. In this regard, NRED shall pay the total share transfer consideration to the Company in an amount of THB 44,220,000 (the “Selling Price”).
The total transaction value, combining with all Transaction is equivalent to 22.13 percent. The transaction value is higher than 15 percent but lower than 50 percent, resulting in the Company being obliged to prepare a report, disclose the information memorandum on the entering into of the transaction with the Stock Exchange, and deliver the notice of the entering into of the transaction to the shareholders within the period of 21 days from the date on which the transaction is disclosed to the Stock Exchange.
• This is another crucial step of “ORIGIN” in moving forward to become the leader in real estate development business.
• Increasing competitive efficiency in expanding project development to maximize market-share and opportunity of joint-investment of residential condominium projects in future.
• Opportunity to invest in other business developments such as: office building management, hotels and wide range of real asset services
• Knowledge inter-exchanging, in order to represent the leader of total solutions in real estate business like “NRED”
- Heading to be the number 1 brand of residential condominium like “PROUD” from “NRED” in Japan.
- Other business growth such as office building management (office space, hotels, apartments, retail space, warehousing and logistics)
• Cooperation in research and development for technology and innovation in terms of business management, product development, design and construction in various types of real estate projects.
• Cooperation in sale and marketing with Japanese customers
Expect Benefits from Future development with Nomura
Ratchadaphisek Rd.
Mo Chit
Phaholyothin 24
SenaNikhom
Kasetsart University
Chatuchak Park
Bang Sue
Bang Son
Chatuchak
Wat Samian Nari
Chatuchak
Ladprao
Phaholyothin
Bang Sue
KamphaengPhet
Ratchadaphisek
Phawana
Kasetsart University 50 m. to BTS Phaholyothin 24 Station300 m. to Major Ratchayothin
to SCB Park900 m. to Central Plaza Ladprao1.3 km. to Mayo Hospital2 km. to Kasetsart University
3 km. to Chatuchak Market
Ha Yaek Latprao
Ratchayothin
JJ Market
Bang Sue Complex &New Bang
Sue Grand Station
Mega Complex by BTS Group Holding & GLAND
Mayo Hospital
SiteSCB Park
School/University Office Building Hotel Entertainment/ShoppingSite Mixed-UseHospital
Tesco LotusCentral Ladprao
CentaraGrand
Howang School
Union Mall
Elephant Tower
Saint John
VibhavadiHospital
Rajabhat ChadrakasemUniversity
Export Training DepartmentDepartment of International Trade
Civil CourtMunicipal Court
Big C
Tunnel Over Pass Bridge
Location
Location
Sukhumvit77 Rd. (Onnut)
RAMA 4 Rd.
Bang Chak
Onnut
Phra-Khanong
Ekamai
30 m. to Big C Extra On Nut
600 m. to BTS On Nut700 m. to Tesco Lotus On Nut
1.2 km. to Wells Int’l School1.5 km. to Chaloengrat Expressway2.1 km. to Gateway Ekamai
Summer Hill
SiteBig C
Gateway Ekamai
Major Cineplex Ekamai
W District
Wells School
Tesco Lotus
Bangkok Prep School
Habito Mall
Century Movie Plaza & Hotel
Bangkok University
SukhumvitHospital
Kluaynamthai Hospital
The Phyll
School/University Office Building Hotel Entertainment/ShoppingSite Mixed-UseHospital Other
People Park mall
Lum Salee
Sri Kreetha
Pattanaka
บางกะปิ
Ladprao 101
Sri Burapa
Klong Ban Ma
HuamakRachamungkala
Ramkhamhaeng
SITE
Ramkhamhaeng
HuaMak
Lum Salee
ABAC
Ramkhamhaeng 12
Huamak Rd.
100 m. to MRT Hua Mak
370 m. Ramkhamhaeng Hospital500 m. to The Mall Bangkapi540 m. to Makro600 m. to MRT Lumsalee (Yellow)
1 km. to Tesco Lotus Bangkapi2.2 km. to RamkhamhaengUniversity2.8 km. ABAC University
Express way to Rama 9/ to the city
Location
Thank You
Origin Property Public Company Limited 496 Moo.9 Soi Bearing 16, Sukumvit 107 Road, Samrong Nuae District, Muaeng Samutprakarn. 10270 Opening Hours Monday - Friday : from 9:00 - 21:00
TEL. 020-300-000 FAX. 02-398-9994 E-MAIL. [email protected]