Company reports
PACIFIC ASSETS reported that Corner Management, which recently entered into a sales agreement with Pacific Phuket - a subsidiary of Pacific Assets - is subject to a 10 per cent annual interest rate for another four-month redemption extension.
Moreover, during the extension period, the seller agrees to repay the redemption amount at the rate of Bt20 million per month on the 15th day of every month starting from this month. If Corner Management fails to fulfil the obligations or fails to redeem the land with construction on the due date, all amounts already paid by the seller will be forfeited to Pacific Assets.
TAPACO announced that Tapaco Mold, in which 52.67 per cent is held by Tapaco, would acquire Precision Gear Hobbing Machine from Japan-based Hamai for around Bt9.46 million.
THAI MITSUWA announced the company would change its dividend payment date from July 8 to July 9.
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