Sri Panwaode Covid 19 hits the stock exchange Request for lease deferral to REIT

10/21/2020 Thailand



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Hotel Sri Panwa Send a letter to the stock exchange Request for deferral of rent payment to the REIT for 4 months due to the impact of the epidemic situation of COVID 19

Sri Panwa
On October 20, 2020, Bright TV reported that Sri Panwa Hotel A notification has been sent to the Thailand Stock Exchange (SET) to postpone the payment of rental fees to the REIT. Reasoning that Due to the current COVID 19 epidemic situation AND there is no indication that the infection will be reduced in any way and that the hotel is affected by the incident.

The report stated that As Charn Issara, REIT Management Company Limited is the trustee of the Trust. For investment property, Sri Panwa Hotel or “SRIPANWA” received a letter from Sri Panwa Management Company Limited or “SPM” requesting the REIT to consider providing assistance to SPM.

By extending the rental payment period in February, March, June AND July 2020, starting from the original rental payment schedule for the next 6 months and a graceful payment (abstain) for April and May 2020

Sri Panwa

By REIT Administrator and Trustee You have considered and agreed to approve the details of the request for extension of the rental payment period in February, March and June. And in July 2020

The Company, as Manager of REIT “SRIPANWA”, received a letter from SPM requesting REIT to consider providing assistance to SPM due to the outbreak of the coronavirus disease (COVID-19) in foreign countries. Extremely Countries bordering Thailand It continues to happen rapidly and steadily. And there is no tendency for the infection to decrease in any way.

Thanks for the Bright TV info.



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