Golden Land Property Development PLC was incorporated in 1978 with the objective of conducting property development business, listed on the Stock Exchange of Thailand (SET) on 29 March 1994, and went public on 17 June 1994.

Below is a summary of significatant events in the company's performance during the past 3 years:-

Year Significant Events
October 2017
The Company received Excellent Corporate Governance Rating (CGR) for the year 2017 (5 Stars) in the Corporate Governance Report of the Thai Listed Companies compiled by the Thai Institute of Directors (IOD) on 17 October 2017.
September 2017
The Company has conducted a self-assessment in respect of anti-corruption measures and submitted the results to the Thai Institute of Directors (IOD) on 15 September 2017. On 10 November 2017, the IOD passed a resolution certifying the Company as a member in the Thailand’s Private Sector Collective Action against Corruption (CAC). The certificate is valid for 3 years from the date of approval.
August 2017
On 4 August 2017, the Company issued and offered debentures of Baht 1 billion in accordance with resolutions of the Annual General Meeting of Shareholders for the year 2017, with aggregate offering size of not exceeding Baht 10 billion, a three-year maturity period, and offering to no more than 10 investors at interest rate of 3.09% per annum.
June 2017
On 30 May 2017, the Company issued and offered debentures of Baht 1 billion in accordance with resolutions of the Annual General Meeting of Shareholders for the year 2017, with aggregate offering size of not exceeding Baht 10 billion, a three-year maturity period, and offering to no more than 10 investors at interest rate of 3.30% per annum.
May 2017
The Company received 100 scores of the Annual General Shareholder Meeting (AGM) Assessment conducted by the Thai Investors Association (TIA) for its 24th Annual General Meeting of Shareholders on 26 April 2017 in the fourth consecutive year.
April 2017
On 26 April 2017, the Annual General Meeting of Shareholders of Golden Land Property Development PLC passed the following resolutions:
Approved the payment of dividend to its shareholders from the Company’s operating results for the year 2016 at a rate of Baht 0.23 per share, totaling Baht 534,455,600, arranged 18 May 2017 for the date of the dividend payment, and approved the appropriation of its 2017 profit as legal reserve of Baht 55 million.
Approved changes in the Company’s dividend policy, in which the Company, instead of a rate of no greater than 60% of annual net profit, “shall pay dividend to shareholders at a rate of no less than 50% of net profit after tax and reserve deduction in consolidated financial statements under terms of investment plans, necessity and appropriateness in the future. Once the Board of Directors passes a resolution approving annual dividend payment, it shall be submitted to the Shareholder Meeting except for interim dividend payment, and the Board of Directors is granted the authorization to approve the payment and submits the report in a following Shareholder Meeting.”
Approved a change in the Company’s accounting period from the prior accounting period starting from January 1 to December 31 of each year to October 1 to September 30 of each year. The first accounting period commences in 2017 when amendments of the Company’s Articles of Association are approved to ensure regulatory consistency with the new accounting period.
Approved the issue and offer of additional debentures in the amount of not exceeding Baht 3 billion with a total value of not exceeding Baht 10 billion in order to be used in its general business operations, and/or for loan repayment, and/ or investment of the Company and its subsidiaries, and/or as a working capital for the Company and its subsidiaries, or any other purposes as the Board of Directors may deem appropriate.
November 2016
On 23 November 2016, the Company issued and offered debentures in the amount of Baht 3 billion according to a resolution of the Company’s 2016 Annual General Meeting of Shareholders on the issue and offering of debentures in the amount of not exceeding Baht 7 billion.
September 2016
The Company was assigned BBB+ Rating, Outlook Stable, by TRIS Rating Co., Ltd., an upgrade from the prior BBB Rating, Outlook Stable.
April 2016
On 25 April 2016, the Annual General Meeting of Shareholders of Golden Land Property Development PLC passed the following resolutions:

Approved the dividend payment for the year 2015 to all shareholders at a rate of Baht 0.10 per share, totaling Baht 198,083,620. The Board of Directors had approved the interim dividend in 2015 at a rate of Baht 0.05 per share and paid to the shareholders on 3 December 2015.

Approved the cancellation of a resolution of the Company’s General Meeting of Shareholders on 29 April 2005 on the issue of debentures in the amount of not exceeding Baht 3 billion since the Company had yet to issue those debentures, and the resolution did not correspond to the Company’s current financial circumstances.

Approved the issue of the debentures in the amount of not exceeding Baht 7 billion in order to be used in its general business operations, and/or for loan repayment, and/or investment of the Company and its subsidiaries, and/or as a working capital for the Company and its subsidiaries, or any other purposes as the Board of Directors may deem appropriate.
January 2016
The Company established a new joint venture under the name of “Kasemsubbhakdi Co., Ltd.” on 27 January 2016, in which the Company holds 49% of its shares. The new subsidiary engages in developing Samyarn Mitrtown mixed-use complex project.
January 2016
On 15 January 2016, the Company registered a change in its paid-up capital from Baht 7,780,590,264.25 to Baht 11,037,670,000, comprising of 2,323,720,000 common shares at a par value of Baht 4.75 per share, according to a resolution on an increase in the registered capital passed by the Company’s Extraordinary General Meeting of Shareholders No. 1/2015 on 17 December 2015.
December 2015
The Company held the Board of Directors’ Meeting No.6/2015 on 6 November 2015 and resolved to approve the payment of interim dividend to its shareholders from the Company’s operating results from 1 January 2015 to 30 September 2015 at a rate of Baht 0.05 per share, totaling Baht 81,900,950.15. The Company arranged 23 November 2015 for the date to determine names of shareholders entitled to dividend payment (Record Date), 24 November 2015 for the date to collect names of shareholders entitled to dividend payment (Book-Closing Date) in accordance with Section 225 of the Securities and Exchange Act B.E. 2535, and 3 December 2015 for the date of the dividend payment.

The Company held the Extraordinary General Meeting of Shareholders No.1/2015 on 17 December 2015 and passed the following resolutions:

Approved the increase in the registered capital of Baht 3,257,079,735.75 from the existing registered capital of Baht 7,780,590,264.25 to Baht 11,037,670,000 by issuing 685,700,997 newly-issued ordinary shares at a par value of Baht 4.75 per share to be offered in a private placement to Frasers Property Holding Thailand (“FPHT”), a subsidiary of Frasers Centrepoint Limited (“FCL”), which is the Company’s related party.

Approved the allocation of newly-issued ordinary shares not exceeding 685,700,997 shares at a par value of Baht 4.75 per share to be offered in a private placement to Frasers Property Holding Thailand (“FPHT”), a subsidiary of Frasers Centrepoint Limited (“FCL”), which is the Company’s related party, at the offering price of Baht 7.25 per share, totaling Baht 4,971,332,228.25.

Approved the waiver of requirements to make a tender offer for all securities of the Company (Whitewash) in compliance with Requirements to Make a Tender Offer for All Securities of the Business.

Approved the investment in Samyan Mitrtown mixed-use complex project which constituted an asset acquisition transaction and a connected transaction which had a consideration value from the utilization of the land and construction value of approximately Baht 13 billion. The Company entered into a joint venture with Thippatana Arcade Co. Ltd. and/or group companies under Charoen Sirivadhanabhakdi, which is the right holder of part of land parcels of Chulalongkorn University and invested in a newly-established company. As a result, the right holder would hold 51% and the Company would hold 49% of the total issued shares of the newly-established company, with the investment in shareholders’ equity of approximately Baht 1,960 million. Following the completion of the transaction, the newly-established company would become the Company’s subsidiary as the Company gained controlling power over that company as a result of the number of directors and became a team operating the project.
April 2015
On 22 April 2015, the Annual General Meeting of Shareholders of Golden Land Property Development PLC passed the following resolutions:

Approved the decrease of the Company’s registered capital of Baht 1,943,760 from the existing registered capital of Baht 16,382,133,790 to Baht 16,380,190,030, divided into 1,638,019,003 shares at a par value of Baht 10 each, by cancelling 194,376 unissued shares at a par value of Baht 10 each.

Approved the transfer of the Company’s legal reserve of Baht 77,227,512 to compensate the Company’s deficit. After the transfer of the Company’s legal reserve to compensate the deficit, the Company had remaining deficit of Baht 1,256,955,461, calculated based on the financial statements of the Company for the year ended 31 December 2014. The Company had no reserves other than legal reserve and approved the decrease of the Company’s registered capital and paid-up capital of Baht 8,599,599,765.75 from the existing registered capital and paid-up capital of Baht 16,380,190,030 to Baht 7,780,590,264.25 by reducing the par value of shares from the existing par value of Baht 10 per share to Baht 4.75 per share to compensate the discount on share capital and the deficit of the Company.
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