"Sri Panwa" would like to postpone the rent to the REIT. Claiming income was falling due to coronavirus
Sri Panwa making a notification to the SET Request an extension of time - No rent payment to the REIT After the lack of income from COVID-19 poisoning Causing no foreign tourists While tourists in the country Is limited only during Saturday - Sunday And public holidays
Charn Issara REIT Management Company Limited issued a notice to the Stock Exchange of Thailand (SET) on October 19, 2020 that, as the company manager of the REIT of the Real Estate Investment Trust, Sripan Hotel. Wa or SRIPANWA received a letter from Sri Panwa Management Company Limited or SPM asking the REIT to consider providing assistance to
ดาวน์โหลดjoker SPM by extending the rental period of February, Mar. , June, and July 2020 from the original rental payment schedule for another 6 months and a graceful (refraining from) payment of rent in April and May 2020 by the REIT Manager And the trustee has considered and agreed to approve the details of the request for an extension of the period of rent payment in the month March, June and July 2020
The Company, as the REIT Manager, SRIPANWA received a letter from SPM requesting the REIT to consider providing assistance to SPM by requesting to extend the rental payment period in August - December 2020 from the rental payment schedule. The same period of each installment for another 6 months and ask for a waiver (refrain from) payment of the June rent. 2020
This is due to the spread of coronavirus disease (COVD-19) in foreign countries, especially those bordering Thailand. It continues to happen rapidly and steadily. And there is no tendency that there will be a decrease in infection in any way As a result, the government is required to issue measures such as extending the period of emergency declaration in all regions of the Kingdom until 31 October 2020.
Determination of tight control measures in considering issuing visas for foreigners wishing to enter Thailand. Or establishing policies to encourage people to social distancing (Social Distancing) to reduce contact between persons, etc., to control and prevent the spread of COVID-19, which has resulted in the tourism industry and the entire hotel industry in Thailand The impact is huge This affects the occupancy rate of SPM significantly.
Although the SPM made every effort In order to sustain a situation such as a promotion To stimulate public tourism in Thailand Full reduction of unnecessary expenses But the accessibility of tourists in the country Was limited to Saturday - Sunday And public holidays only, which is why SPM does not have the means to earn enough income to pay rent and directly affect the performance that will be used to pay rent to. The REIT is scheduled
However, during the REIT's consideration, SPM will begin to pay the rent in February 2020 according to the period approved by the REIT Manager and the Trustee as detailed above.
In this regard, the REIT Manager and the Trustee are considering the details of requesting an extension of the rental payment period and requesting a waiver (omission) for the payment of the said rental. According to the reasons and necessity mentioned above Including rehabilitation plan to pay rent to the REIT Within the framework of the relevant contract With consideration to preserve the best interests of the unitholders And the company will notify the result of any consideration and action Related to the next opportunity soon