Page 61 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 2.5 MATCH 59
Annual Report 2021/22

Table 1: BTS Group land summary (by location) Food & Beverage Business

The Company is interested in investing in the Food & Beverage business. We
Book Value
Land Bank Total (Rai) Total (Sqm) as of 31 March have collaborated with renowned and Michelin Star chefs (or equivalent) to
2022 (THB mn) open restaurants in Thailand namely J’AIME by Jean-Michel Lorain, located
in U Sathorn Bangkok Hotel and Antito Bangkok, located in Eastin Grand
Bangkok 68-1-85.5 109,542.0 1,959.5
Hotel Sathorn.
Samutprakarn 112-9-203.9 159,573.6 476.3
Chiang Mai and Chiang Rai 21-3-60.0 35,040.0 14.2 In 2018, the Company also established Turtle 23 Co., Ltd. (Turtle 23) to operate
Phuket 37-2-8.5 60,034.0 33.8 the restaurant management business. As of 31 March 2022, we invested in
Other Provinces 95-0-93.0 152,372.0 7.6 10 restaurants including Keller, BAAN TURTLE, Gaa, HERE, Kavee, Baan,
Total 333-15-450.9 516,561.6 2,491.4 NUSARA, Mayrai, Lahnyai, ThepNakorn and ThepSamut. Moreover, from April
2022 onwards, Turtle 23’s restaurant management business also includes
Financial Services ChefMan Restaurant (ChefMan), a premium Chinese restaurant chain.
As one of the key components of BTS Group MATCH strategy, it is focusing on
the financial services segment. This business will be taken care of by U City, Construction Services Business
our listed associated company (Bloomberg ticker U-P TB & U TB; shareholding HHT Construction
of 45.9%). This year, amidst the changing world, U City revisited its strategy and HHT Construction Co., Ltd. (HHT) is the Joint Venture between the Company
is currently transforming its long-term business direction. Over the next 3 years, and Li Kay Engineering, a Hong Kong based civil and foundation company.
U City will dispose its real estate assets and refocusing its capital and resources HHT engages in construction and construction management business. Projects
into the “Financial Services” industry. This sector has proven to be more resilient under its management and construction in the past include Eastin Grand Hotel
to market downturns, exhibiting higher returns. Sathorn Bangkok, Abstracts Phahonyothin Park, Thana City Golf Course and
Sports Club renovation, U Sathorn Bangkok Hotel and Verso International
For more details about U City, please refer to U City Annual Report. School. Currently, HHT is constructing “The Unicorn” - a seminally-located
mixed-use building under U City.
Prevention of conflicts of interest between the Company and U City at https://
www.btsgroup.co.th/u/en/2021/bts-prevention-conflicts-interest-between-the-
company