Nature of Business
The Company Group comprises the Company and 31 sub-companies. The primary business of 25 sub-companies is in the real estate sector, developing real estate for sale. The real estate includes both condominiums and horizontal residential property, namely, single houses, townhomes, and home offices. Six sub-companies engage in other businesses related to residential real estate development businesses, such as real estate development for lease, real estate consignment and lease agency, investment in digital assets and technology and lifestyle business.
Characteristics of The Product or Service
Real Estate Development for Sale
The Company’s real estate projects can be differentiated into 2 main groups, namely, condominiums and horizontal real estate. As of 31 December 2021, the Company Group has a total of 54 projects comprising of (1) 7 Projects which have been completely developed and have closed; (2) 23 Projects for which construction has been completed and is in the process of ownership transfer; (3) 5 projects under sales and construction; and (4) 3 Projects under sales and 16 projects pending development.
The Company Group develops both high-rise and low-rise condominiums under the following project names.
The Company Group has developed horizontal real estate projects comprising both single homes and townhomes under the following names.
Products and Services of Other Businesses
TREASURE M COMPANY LIMITED engages in the real estate development for lease business, such as leasing out sales office area, area within a Community Mall. The first Community Mall was built under the name “Mingle Mall” so that the customers in the project can have a place to shop nearby their residence and enjoys convenience in shopping. The food court zone has been opened since January 2021 and all other zones since February 2021. Mingle Mall comprises of 2 floors. The first floor is leased out to 55 stores and restaurants comprising a total leased area of 2,548 square meters. The second floor is allocated as a Co-working space and space for stores.
Later the community mall has been expanded to the “Mingle Market.” It is situated near Thammasat University Rangsit Campus to accommodate customers who are university students, personnel, and staff as well as nearby residents.
There is space for lease to 47 restaurants and stores with an area 1,240 square meters, a common area of 470 square meters. This was opened June 2021.
ASSET A PLUS COMPANY LIMITED provides service as a consignor for sale and agency for lease in respect of all Company Group real estate project. This is carried out through a website for convenience to Company customers who wish to sell or lease out their condominium single house, townhome, or home office unit. It is also convenient for third parties to search for all projects within one website. Asset A Plus charges a service fee and operation fee from such consignment and lease agency service.
PRIVILEGE SOLUTIONS COMPANY LIMITED acts as agent to receive payments from international customers, especially Chinese customers for sales of the Company Group’s real estate project.
DIGI TONIZE COMPANY LIMITED engages in the business to research and invest in digital assets and technology, focusing mainly on Blockchain to increase business opportunities and adapt to new generation financial innovations.
