Rabbit Holdings Public Company Limited (SET: RABBIT) has informed the Stock Exchange of Thailand that the Board of Directors’ Meeting No. 7/2025 held on 11 September 2025) has resolved to approve the disposal of ordinary shares in Diplomat Prague RE s.r.o. (Diplomat PropCo) (a subsidiary in which the company holds shares indirectly through Lombard Real Estate GmbH (LRE), representing 100 percent of the total issued shares), with an aggregate par value of CZK 200,000, together with all of the loan obligations owed by Diplomat PropCo, to PPF Real Estate s.r.o. and/or other juristic persons designated by the purchaser (which are not connected persons of the company under the Notifications on Connected Transactions), for a total selling price of EUR 73.0 million (or approximately THB 2,691,064,700)
Diplomat PropCo’s significant asset is the ownership of the hotel “Vienna House® by Wyndham Diplomat Prague”, comprising 400 guest rooms, located in the Czech Republic (the Share Disposal Transaction of Diplomat). The company expected to execute the Framework Agreement on the Terms and Conditions of the Transfer of Share by 19 September 2025 and expected to complete the Share Disposal Transaction of Diplomat by the quarter 1/2026.
Upon completion of the Share Disposal Transaction of Diplomat, Diplomat PropCo will cease to be a subsidiary of the company.
