GROREIT in talks with Government Savings Bank to extend debt repayment of 1.35 billion baht

Corporate Action
โดย InfoQuest·TH·Read original
Summary · why it matters

GROREIT trust is in negotiations with the Government Savings Bank to extend its debt repayment period after Royal Orchid Hotel (Thailand) or ROH did not repurchase the hotel as per the contract on July 14, 2026, resulting in GROREIT being unable to repay the principal of 1.35 billion baht on schedule. The trust has requested the bank to maintain the original interest rate but extend the repayment period, and expects a conclusion soon. If the bank approves, the Stock Exchange of Thailand may remove the CB sign and allow trading to resume. Although trading is currently suspended, operations remain normal and there is sufficient liquidity to cover interest payments for about one year. Meanwhile, GROREIT has revalued its assets without the repurchase condition, with the Royal Orchid Sheraton Bangkok valued at 5.21 billion baht. Additionally, Wann Asset Management and MFC Asset Management are in discussions with the SEC to protect unitholder interests.

Impact on stocks 2

Financials▲ · 1 stocks
Energy▲ · 1 stocks

Off-coverage companies 3

Royal Orchid Hotel (Thailand) PCLPrivate▼ Negative
Capitalrelevance

Failed to repurchase hotel as per contract, causing GROREIT's debt repayment issue.

ONE Asset Management Ltd. (formerly Wanna Asset Management, บลจ.วรรณ)Private± Mixed
Regulationrelevance

Discussions with SEC to protect unitholder interests, outcome unclear.

Government Savings Bank (ธนาคารออมสิน)Private± Mixed
relevance

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