MCOT explains to SET that the 50-rai land development project is still in the study process.

MCOT Public Company Limited clarified to the Stock Exchange of Thailand, confirming that the 50-rai land development project in the Ratchada area is still in the study process after news that there is a chance to close a deal to find a partner to develop the area. MCOT Public Company Limited has written a letter to the board of directors and the manager of the Stock Exchange of Thailand (SET) to clarify the issues that appeared in the newspaper news about the land development project of MCOT Public Company Limited, stating that according to the news about the land development project of MCOT Public Company Limited, with the issue of 'MCOT Public Company Limited is hoping to finalize a deal to find a partner to jointly develop a 50-rai land plot in Ratchada area into an 'entertainment complex', MCOT Public Company Limited would like to clarify that the management team is in the process of studying and analyzing the land development project and preparing (draft) the regulations for utilization of the said lan d. The Company has no significant developments beyond what has been previously disclosed in accordance with the regulations of the Stock Exchange of Thailand. If there is any information or developments that may affect the fundamental factors of the securities price, the Company will inform you further. Source: Thai News Agency