Disclosure Information Detail

Logo:
Issue Code:LA3000050002
Disclosure Organization:Souvanny Home Center Public Company
Disclosure Date:17-12-2017
Disclosure Time:13:26:19
Disclosure Title:To announce more details from the results of the 03rd Executive Council Meeting 2017, in resolution 2 regarding the Approval of Loan from domestic and international banks and financial institutes at the amount of 700 million Baht.
Disclosure Type:Inquired Disclosure
Disclosure Reason:Others
Market Classification:Listed Company
Disclosure Detail:

     

Souvanny Home Center Public Company operates its leading business in terms of one-stop shopping home center, which provides both services and full-ranged products from construction materials to home supplies and decoration. Souvanny Home Center Public Company is pleased to announce more details from the results of 03rd the Executive Council Meeting 2017, in resolution 2 regarding the Approval of Loan from domestic and international banks and financial institutions at the amount of 700 million Baht in order to use for a branch expansion and the company’s turnover, approved by the Executive Council of Souvannay Home Center Public Company on 04 December 2017. The company plans to use such loan for the expansion of more three (03) branches as planned, namely: Pakse, Savannakhet and Thakhet (Khammuan) and also use the loan for its turnover. At present, the plan for the expansion of three (03) is in progress, such as: Pakse Branch is 90% completed, Savannakhet Branch is 10% completed and Thakhet Branch (Khammuan) is 40% completed and it will continue using the loan for such expansion.

          So, Souvanny Home Center Public Company (SVN) would like to report the detail of loan use, as follows:

 

 

 

 

Detail of Loan Use from domestic and international banks and financial institutes at the amount of 700 million Baht

Loan Use

Period

Amount (Baht)

Expected interest/Year

Detail

Short term

2018 ( 6 months)

300,000,000

Less than 6.5%

-   To expand a branch in Pakse

Mid term

2018-2020 (3 years)

300,000,000

Less than 8.5%

-   Expand a branch in Savannakhet and Thakhek

Turnover

2018-2020 (3 years)

100,000,000

-

-   Goods (electric appliances) at all branches

 

Consequently, this is to inform you for the appropriate implementation.

All my best regards,

I remain

Sincerely yours,

                                                                                                    Chief Executive Officer

Souvanny Home Center Public Company

    

Other reference:
  • In reference to the regulation on Information Dissemination, Ref. No. 22/LXS, Dated 7 January 2011;
  • In reference to the required Information Dissemination Notice, Ref. No. 387/LXS, Dated 14 December 2017.

Attached File(s)

Report on loan.Lao.pdf
Report on loan.Eng.pdf