L.P.N. Development Public Company Limited would like to inform you our purchase of land for developing project with the following details:
Purchase of land for developing Lumpini Ville Ratburana-Riverview
| 1. Date of transaction |
: |
April 30, 2009 |
| 2. Contracted parties |
: |
Juristic Person with no related benefit with the Company |
| 3. Details of the Land |
|
|
| 3.1 A land title deed no. |
: |
11805 and 29435 |
| 3.2 Total area |
: |
5 Rai 75 Sq.wah |
| 3.3 Location |
: |
Bangpakok Sub-District (North Bangpakok), Ratburana District, Bangkok |
| 3.4 Landscape |
: |
Vacant Land |
| 3.5 Obligation |
: |
None |
| 4. Total price |
: |
Baht 72,712,220 (Baht: Seventy two million seven hundred twelve thousand and two hundred and twenty) |
| 5. Payment |
: |
All payment was made on the day of ownership transference |
| 6. Sources of found |
: |
Profit from the operation of the company and financial institution. |
| 7. Benefits on the listed company |
7.1 The company will develop this pilot of land into building residential condominium,consisting of 29 and 31 storeys. |
7.2 Approximately 1,028 units |
7.3 Total revenue of the project is approximately 1,200 MB |
7.4 Project will be competed in 16 months (July 2009 - October 2010) |
7.5 Selling period is within 6 months (July 2009 -December2009) |
7.6 Starting to transfer the right of ownership and will recognize income on Q4/2010 |
7.7 Gross profit is approximately 30% |
Yours sincerely,
(Mr. Opas Sripayak)
Managing Director
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