Rojana anticipates a bright future next year, having signed an MOU to sell over 300 rai of land at the Rojana Industrial Park in Ayutthaya to a major investment group from China involved in the automotive and drone industries. The company revealed that this year's performance has exceeded targets, partly due to revenue recognition in the fourth quarter from the land sale of its subsidiary, valued at over 1.2 billion baht. They praised the government's policy to revive Japanese investment in Thailand, benefiting from the Eastern Economic Corridor development plan.

Mr. Jirapong Winichbutr, Managing Director of Rojana Industrial Park Public Company Limited (ROJNA), stated that the overall economic and investment climate for next year shows positive signs. The company has signed an MOU to sell over 300 rai of land at the Rojana Industrial Park in Ayutthaya to PROJEN GROUP, a large investment group from China, which operates in the automotive and drone industries and is headquartered in Dali. The company expects to meet its performance targets this year, with satisfactory results for the first nine months, and in the final quarter of 2017, it will recognize revenue from the sale of land in Sukhumvit 66 by its subsidiary, Rojana Property Co., Ltd., totaling 4-2-32 rai, valued at over 1.2 billion baht.

“The land in Sukhumvit 66 owned by our subsidiary was purchased along with the foundation work long before the electric train project was initiated. Currently, the BTS electric train project is operational, which has significantly increased the land's value, allowing us to sell it at a very favorable price,” Mr. Jirapong added.

He further noted that the government's serious investment promotion policies have led to a continuous improvement in foreign investment conditions. Particularly, Japan, which has maintained diplomatic relations with Thailand for 130 years and has historically been the largest investor in Thailand, has shown signs of renewed investment interest after several years of slowdown. Key factors attracting Japan and other countries to invest in Thailand include the readiness of public infrastructure and ongoing investment promotion measures over the past decade. Additionally, the current government's push for the development of the Eastern Economic Corridor has resulted in clearer measures and planning for public infrastructure, positively impacting the company's industrial park projects in the area, including Laem Chabang, Bo Win, Pluak Daeng, Ban Khai, and Prachinburi.

Thank you for the information from rojna-th.listedcompany