RML Confident in Repaying Full 406 Million Baht Bonds by September 20

RML (Raimon Land Public Company Limited) has successfully repaid bonds from the debentures No. 1/2023 Tranche 1 worth 126 million baht and debentures No. 1/2023 Tranche 3 worth 162 million baht, which matured on September 9, 2024. The company is confident that the next bond repayment, due on September 20, 2024, will be fully paid as scheduled. RML also emphasized that all bond interest payments and principal redemptions have been made on time for every series, reflecting the company's effective financial liquidity management.

Sorrapong Mamuang, Chief Financial Officer of RML, said, "We greatly appreciate the trust and support from our investors. RML has consistently adhered to its debt repayment schedule, with no delays in interest payments, both for bondholders and financial institutions. This reflects the company’s stringent financial discipline and robust liquidity management. We are fully prepared to repay debentures No. 2/2023 Tranche 1, valued at 118 million baht, due on September 20, and we will meet this obligation in full."

Looking ahead to Q4 2024, RML plans to maintain strong revenue generation, focusing on sold out the remaining four units of the Tait Sathorn 12 project. The company is set to recognize revenue from unit transfers, with all units expected to be handed over to customers by the end of the quarter. Additionally, RML continues to receive stable revenue from its luxury Grade A+ office building, ‘OCC,’ which currently has occupancy rate of approximately 72%, with a target of 80% by year-end. RML is also poised to enhance revenue streams through Private Sales of ultra-luxury mansions at ‘THE 528 ESTATE’ and special units at ‘The River.’ The company remains committed to efficient financial risk management and cost reduction to ensure sustainable growth and long-term returns for shareholders and investors.