Now, we are reaching to the process of legal execution against the asset of Pin High, we have requested the executing officer to seize and attach the land owned by Pin High which is located at Panya Resort Condominium, so, this land is under the enforcement and execution, and then it must be sold by auction. The money getting from that auction will be paid for the repair and maintenance of the swimming pool and the sport facilities as stipulated by the judgment of the Court of Appeal Region 2, The details of the seizure and attachment are appeared in the report of the executing officer enclosed with this e-mail.
For the next step, the executing officer will issue the letter notifying about this seizure to Pin High and any other involved person, will also request the court to obtain the permission for auction the land, and publish the time schedule of the certain date for auction in total 6 times. We will closely monitor and follow up the progress with the executing officer and report to you.