Spot on, border opening and patron coming back is the key....

Spot on, border opening and patron coming back is the key.

Theoretically,if all shareholders take up the entitlement offer. Then Somboon’s holdingremain the same. Everyone’s percentage share in the company remain the same.

However, risksof bankruptcy decline due to debt declining.

In SouthEast Asian countries, land right use (usually 40 years lease or above) can oftenbe use a collateral for a Bank Loan.

Perhaps dueto the unresolved lease dispute with Somboon, DNA cannot currently use the landlease to take out a loan with the local Bank. However, after the lease disputeis resolved.

with a 90years lease on 12 hectares of land, market value at USD $1000 per metre. I can’tsee why DNA cannot use this 90 years lease (land right use) as collateral totake out a USD $25 million loan, and pay off Mega bank.. Especially whenSomboon is a majority holders in the DNA group.

if you want to know more about Poipet’s land value, then refer to this link below.

https://www.cambodiaproperty.info/the-ultimate-guide-to-poipet/

QUOTE “In areas near theThai border where casinos are located, land costs from $1,300 to $1,500 per sqm.”

Pandemic probablyincreases the significant of land border, due to lesser air and sea travel. Hence,I don’t think land value surrounding Poipet town will fall, on the contraryland value in Poipet will likely rise due to increase trade between Cambodia andThailand over the next decade.