ROH issued a clarification to the SET regarding its stalled buyback of Royal Orchid Sheraton Riverside hotel (4.873 billion baht) following a Stock Exchange query about the missed July 14 deadline. The company confirmed good faith intent to repurchase and disclosed that a financial partner (experienced fund) signed a preliminary term sheet on August 14 and is currently in due diligence phase on asset status and internal approvals. The hotel continues operating normally, with ROH pledging further disclosure when material progress occurs. Key contingencies remain: satisfactory due diligence, requisite approvals, and final contract negotiation.
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