15 Jun 2018 17:37:00
Notification of Progress for the Investment in the Project of the Marvel Experience: Theme Entertainment Attraction - TMX, and Guarantee Obligation to Hero Experience Company Limited on Shareholding Proportion (Revised)
Acquisition or disposition of assets According to the fact that Demeter Corporation Public Company Limited (the "Company") has invested in the Project of the Marvel Experience: Theme Entertainment Attraction - TMX (the "Project"), by means of subscription of newly issued shares and acquisition of shares from the existing shareholders of Hero Experience Company Limited ("Hero Experience"). The Company wishes to hereby report to the Stock Exchange of Thailand ("SET") regarding the progress of the Project that since there was the adjustment of the content in part of exhibition area in order to let the audience to get better hyper reality digital entertainment experience, the Project is scheduled for official opening ceremony on June 27, 2018 and for commercial launch date on June 29, 2018. Furthermore, due to the fact that Hero Experience needs more financial support for loyalty fee, rental fee, construction fee, decoration fee, equipment fee, and other expenses relating to the Project; Hero Experience has entered into credit facilitie agreements on May 23, 2018 with the Siam Commercial Bank Public Company Limited with the total amount of THB 240,000,000. The loan comprises the 2 long-term loans which are THB 150,000,000 and THB 90,000,000. The Company will provide the credit guarantee for Hero Experience by mean of business collateral registration as a cash deposit in the name of the Company with the amount of THB 90,000,000 based on the shareholding proportion in which the Company holds 37.5% of shares in Hero Experience. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.