Bound and Beyond Public Company Limited (SET: BEYOND) has informed the Stock Exchange of Thailand that, on December 30, 2025, 50% shares of CPE Reserve Company Limited have been transferred to the company.
This transfer is to comply with certain agreements entered into by the company and Country Group Development Public Company Limited (SET: CGD) together with its subsidiary (CGD Party) among other relevant parties, which CGD Party shall establish reserve funds for the purpose of securing future rental payments to the Privy Purse Bureau (formerly the Crown Property Bureau) relating to the land lease for the three project components located at Chao Phraya Estate Project: Four Seasons Private Residences at Chao Phraya River, as well as Four Seasons Hotel Bangkok at Chao Phraya River and Capella Hotel Bangkok, which these two hotels are owned by the company through its subsidiaries.
To comply with CGD Party’s obligations, CPE Reserve has been incorporated as a wholly-owned subsidiary of CGD for managing the said reserve funds. As of this date, CPE Reserve has registered capital of THB 390,000,000.00, divided into 3,900,000 shares with a par value of THB 100.00 per share.
