Golden Land Property Development Public Company Limited (“GOLD or The Company”), 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.
Significant developments during the past three years were summarized as followed
|On 17 January 2019, the Annual General Meeting of Shareholders of Golden Land Property
Development PLC passed the following resolutions:
|On 25 February 2019, Frasers Property (Thailand) Public Company Limited announced its
intention of acquiring securities for business takeover (Form 247-3) and making a tender
offer (Form 247-4) to the Office of the Securities and Exchange Commission, the Company’s
shareholders and the Stock Exchange of Thailand.
On 26 February 2019, the Company sold its investment in ordinary shares entirely held in Ban Chang Estate Co., Ltd., amounting to 2,249,998 shares or 99.99 percent of the registered capital to an unrelated third party. The purpose of the transaction was to dispose of all assets that are not the Company's core business obtained through a merger in order to reduce administrative expenses.
|On 1 March 2019, TRIS Rating Co., Ltd., placed the “BBB +” and issued ratings on Golden Land on Credit Alert with a “positive” implication.
|FYI Center Building won an award, granted by HRH Princess Maha Chakri Sirindhorn, for an outstanding property project for best quality of life in a category of office buildings for 2018 from the Association of Siamese Architects under the Royal Patronage (ASA).
|The Company was selected for BCI Asia Top 10 Developers for 2019 Awards in recognition
for sustainable development of Neo Home project with two awards to Golden Neo Sathorn
and Golden Neo 2 Bangna - Kingkaew.
On 25 June 2019, the Company submitted a report on preliminary results of the tender offer (Form 250-2) for securities and an opinion of an independent financial advisor on the tender offer for the securities of Golden Land Property Development PLC to the shareholders and the Stock Exchange of Thailand.
|The Company won the FIABCI - Thai PRIX D’EXCELLENCE AWARDS 2019 in a category of horizontal project, i.e. The Grand Pinklao project, presented by the International Real Estate Association (FIABCI - Thai).
|On 15 August 2019, the Company received a report on results of the purchase of the Company’s securities submitted by Frasers Property (Thailand) Public Company Limited, which received 2,195,898,701 ordinary shares of the Company, accounting for 94.5 percent of total shares sold of the Company.
|On 17 September 2019, TRIS Rating Co., Ltd., canceled ‘positive’ on Credit Alert and upgraded
the Company’s rating from BBB + to A-, Outlook Stable.
On 20 September 2019, the Company was informed by Frasers Property (Thailand) Public Company Limited of its intention to make a tender offer for all the Company’s securities to delist the shares of the Company the Stock Exchange of Thailand.
|On 20 November 2019, the Extraordinary General Meeting of Shareholders approved the delisting of the shares of the Company from being securities listed on the Stock Exchange of Thailand.
|The Annual General Meeting of Shareholders of Golden Land Property Development PLC resolved to approve the dividend payment for the year 2019 to all shareholders at a rate of Baht 0.48 per share, totaling Baht 1,115.38 million.
|On 12 May 2020, the Company acknowledged tender offer price and plan for delisting of securities of GOLD from the Stock Exchange of Thailand.
|On 31 July 2020, the Company has received the results of tender offer report from Frasers Property (Thailand) Public Company Limited that a total of 2,310,435,094 shares or 99.43% of total number of outstanding shares of the Company was acquired.
|On 4 August 2020, the Stock Exchange of Thailand announced the delisting of GOLD's common stocks from the SET. The last trading date of GOLD securities was scheduled on 10 August 2020 before the delisting became effective.
|The Board of Directors’ Meeting has resolved to approve Golden Land Property Development Public Company Limited to acquire all of the shares in Univentures REIT Management Co., Ltd. (“UVRM”), which is a real estate investment trust manager (REIT manager), in an amount of 100 percent of all of the shares in UVRM from Univentures Public Company Limited, having the total value of THB 32,000,000. This investment is in accordance with the growth strategy of the Company in relation to investments and real estate business development.
|The Annual General Meeting of Shareholders of Golden Land Property Development PLC resolved to approve the dividend payment for the year 2020 to all shareholders at a rate of Baht 0.36 per share, totaling Baht 836.54 million.
|The Board of Director’s Meeting resolved to approve Golden Land (May Fair) Co., Ltd. (“GOLD MF”), a subsidiary to offer the purchase proposal of remaining leasehold rights in land and building in Mayfair Marriot Executive Apartment Project, located at Soi Lang Suan, Lumpini Subdistrict, Pathumwan Bangkok under the Land and Building Lease Agreement entered into by and between GOLDMF and GOLD Property Fund (Leasehold) (“GOLDPF”) which has the remaining leasehold rights of approximately 46 years including all of the Project’s properties, furniture and devices, as well as all existing incentives which GOLDPF has in the Project, under an offering price equivalent to THB 1,743 million, in order to enhance the Project’s revenue generation capabilities in the future. The Offer to Purchase transaction is subject to the further consideration of GOLDPF in compliance with relevant regulations including obtaining relevant consent, waiver or approval from relevant third parties or authorities (if any).
|The Board of Executive Committee’s Meeting has resolved to approve Golden Land Property Development Public Company Limited to acquire the ordinary shares in the aggregate amount of 5,000,000 shares equivalent to 100% of the total ordinary shares in Silom Corporation Company Limited, including acceptance of the assignment of the right to receive payment under the promissory notes issued by Silom Corporation Company Limited to its existing shareholder in the amount of THB 457,344,170, altogether equivalent to the total transaction value at THB 1,090 million, with the objective for investment in Silom Centre Project to operate rental office and retail space located at Silom and Rama IV Junction on Silom Road.
|Samyan Mitrtown won ASEAN Energy Awards 2021and Thailand Energy Awards 2021 for best practices in the energy efficiency and conservation category.
*Remark: Post the tender offer for all securities of the Company by Frasers Property (Thailand) Public Company Limited, other shareholders who are not the tender offeror, persons acting in concert and their respective related persons under Section 258 held the Company’s shares in aggregate amount of not more than 5% of its total issued and paid-up capital, the Company was therefore no longer obligated to prepare and submit its financial statements and reports on its financial position and operating results to the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) pursuant to the Article 41(3)(Kor) under the Capital Market Supervisory Board’s Notification Tor.Jor 44/2013 re: Rules, Conditions and Procedures for Disclosure of Financial Position and Operating Performance of Securities Issuing Companies dated 22 October 2013, together with the Article 2 under the Capital Market Supervisory Board’s Notification Tor.Jor 20/2015 re: Exemption characteristics of the company outside the governance of a listed company in accordance to Section 3/1 of The Securities and Exchange Act B.E. 2535 dated 21 May 2015.