June 26, 2017 12:56 AM ET

Real Estate Management and Development

Company Overview of We Retail Public Company Limited

Company Overview

We Retail Public Company Limited engages in the property development activities in Thailand. It also rents shopping malls and commercial areas, as well as provides building management services. The company is based in Bangkok, Thailand. We Retail Public Company Limited is a subsidiary of Property Perfect Public Company Limited.

100/1 Vorasombat Building

17th Floor

Rama 9 Road

Huaykwang

Bangkok,  

Thailand

Key Executives for We Retail Public Company Limited

Acting Chief Executive Officer & Vice Chairman
Age: 62
Finance & Accounting Director
Age: 56
Building & Facilities Management Director
Age: 56
Compensation as of Fiscal Year 2016.

We Retail Public Company Limited Key Developments

SET Grants An Extension For Rehabilitation Within March 31, 2018 To We Retail Public Company Limited

According to the Stock Exchange of Thailand (SET)'s previous notification given to listed company, which is subject to possible delisting in stage 3, the SET has advised the company to accelerate the fulfillment of "The Criteria for Removal from being Delisted" within 31 March 2017. If the listed company fail to comply with the aforesaid criteria within the specified period, it would result in the SET's consideration of withdrawal of company’s securities from the stock exchange. The SET informed the procedures for the company which is subject to possible delisting in stage 3 as follows: The SET grants an extension for rehabilitation within March 31, 2018 to We Retail Public Company Limited. The SET will consider the withdrawal of securities from the stock exchange in case of failure to comply with "The Criteria for Removal from being Delisted" within specified time.

We Retail Public Company Limited Announces Unaudited Consolidated and Company Earnings Results for the First Quarter Ended March 31, 2017

We Retail Public Company Limited announced unaudited consolidated and company earnings results for the first quarter ended March 31, 2017. On consolidated basis, the company reported total revenue of THB 19,167,000 against THB 22,284,000 a year ago. Loss before income tax was THB 41,218,000 against THB 5,151,000 a year ago. Loss for the year was THB 42,753,000 against THB 3,161,000 a year ago. Basic loss per share was THB 0.0172 against THB 0.0013 a year ago. Net cash flows used in operating activities was THB 39,877,000 against THB 65,562,000 a year ago. For the quarter, on company basis, reported total revenue of THB 33,459,000 against THB 36,796,000 a year ago. Profit before income tax was THB 10,095,000 against THB 12,948,000 a year ago. Profit for the year was THB 8,560,000 against THB 10,182,000 a year ago. Basic earnings per share were THB 0.0034 against THB 0.0041 a year ago. Net cash flows used in operating activities was THB 546,000 against THB 26,725,000 a year ago.

The SET Reminds We Retail Public Company Limited To Expedite Rehabilitation By March 2017

The SET reminds We Retail Public Company Limited, whose financial status have been categorized as possible delisting in stage 3, was given an extension period for rehabilitation to avoid delisting with validity until 31 March 2017. If the company fails to comply with the aforesaid Criteria within the deadline, the SET will consider the withdrawal of securities from the stock exchange. The company must submit application of exemption from being delisted within 31 March 2017.

Recent Private Companies Transactions

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