Bangkok, 23 November 2023 – Mr. Yol Phoksasub, Chief Executive Officer of Central Retail Corporation Public Company Limited or CRC said, “Central Retail has taken a leadership role in the retail industry with good governance for over 80 years, with businesses in Fashion, Food, Hardline, Property, and Health and Wellness across over 3,600 retail stores in Thailand, Vietnam, and Italy. Building from strength to strength, Central Retail has continued to achieve strong business growth and maintain good corporate governance. We are committed in building a ‘Platform of Trust’ of retail and wholesale businesses for all stakeholder groups, inspiring trust and confidence across leading institutions. TRIS Rating has rated Central Retail’s credibility with the highest rating in the retail sector at a score of ‘AA-’ with a ‘Stable’ outlook, reinforcing its leadership as a strong, stable, and financially stable company. Central Retail also received a transparency score of ‘Excellent’ or 5 stars for the third consecutive year from the Corporate Governance Report (CGR) survey. Most importantly, the company received an ‘AAA’ score for its SET ESG Rating from the Stock Exchange of Thailand in 2023, which is considered the highest level in Thailand. The company was also awarded the Commended Sustainability Awards in the Sustainability Excellence category at the SET Awards 2023, reflecting Central Retail’s commitment in driving sustainable growth alongside society, the environment, and all stakeholders.

Most recently, Central Retail has issued bond sales for the first time, providing an alternative for institution investors and large-scale investors seeking bonds with stable and strong returns. This movement has attracted overwhelming attention from investors, with reserve sales exceeding almost three times the initial target set of THB 5,000 million. Central Retail has planned to issue a greenshoe option of THB 2,000 million, amounting to a total of THB 7,000 million to serve the demand and increasing number of investors. By raising funds, Central Retail aims to strengthen its financial potential, increase liquidity, and decrease costs whilst also support business expansion plans for sustainable business growth.

“On behalf of Central Retail, I would like to express my gratitude to all institutions and investors who have shown confidence, support, and overwhelming interest in our first bond issue, as well as financial institutions, including Bangkok Bank, Bank of Ayudhya and Kasikornbank that have played an important role in successfully distributing Central Retail’s first bond sales. We are committed to strengthening our business and building sustainable growth across all sectors to continue to assure that we are deserving of your trust,” Mr. Yol concluded.