We introduced you to the Ocean 1 project several weeks ago. The developer provided lot of confidential and technical information on his project. I previously understood that Chinese contractors are interested with the project and confirmed having appropriate credit lines to accept SBLC or other financial instruments and that such credit can be used for financing projects in Thailand.
Though I understand that Bankers are now approaching to the blackout year end period, can you please advise where you stand with regards to potential investors and advise range of expected joint venture or take over structure and financial terms and conditions of the SBLC.
Would your potential investor(s) have no interest in this flagship project, please advise us so that we can consider alternative measures.
Thanks in advance for your quick and detailed feedback.