Kad Suan Kaew, the legend of Chiang Mai’s famous department store for over 30 years with challenging business income

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Kad Suan Kaew Popular shopping malls in Chiang Mai are temporarily closed due to the Covid-19 outbreak. Opened business income, found the company’s status as a business rehabilitation since 2015, recovering profits of more than 2,500 million baht in 2017

Kad Suan Kaew The famous department store in Chiang Mai. Opened to Chiang Mai residents and tourists for more than 30 years, it was created by Lt. Col. Suchai Kengkha, a former architect of the police department. who turned into a real estate developer by the distinctiveness ofKad Suan Kaew It is Lanna style architecture, the building is made of dark brown bricks. It is considered the center of modernity, entertainment, technology, fashion, including the gathering point of Chiang Mai youths in the 80-90s during that time.

until in 2018 Kad Suan Kaew Chiang Mai was rumored to be closed during that time. Before, in the year 2020, Central Department Store Co., Ltd. transformed into a new model to be the Central Outlet at the department store.Kad Suan Kaew by raising brand-name troops to please shoppers and subsequently the situation of the outbreak of the covid-19 virusKad Suan Kaewhad to decide to announce the temporary closure to further assess the situation Do you want to know the current business status?Kad Suan KaewHow is it? Sanook Money has checked out the interesting information to be deposited together.

Isara News Agency website previously reported that the Central Bankruptcy Court ordered the rehabilitation of the company. Kad Suan Kaew 2002 Co., Ltd. accounts receivable on 8 Sept. 2015 and set up the company Kad Suan Kaew 2545 Co., Ltd. was the leader instead, and the Central Bankruptcy Court later ordered on December 16, 2016 to approve the Company’s business rehabilitation plan. Kad Suan Kaew 2545 Limited, debtor under Section 90/58 of the Bankruptcy Act B.E. Kad Suan Kaew 2002 Co., Ltd. Accounts Receivable located at 21 Huay Kaew Road, Suthep Subdistrict, Mueang Chiang Mai District. Chiang Mai Province as a plan administrator

Therefore, all rights and powers of the plan preparer shall be vested in the plan administrator since the plan administrator has been informed of the court order under section 90/59 of the Bankruptcy Act B.E.

while data from the Department of Business Development The Ministry of Commerce found that the company Kad Suan Kaew 2002 Co., Ltd. registered on 29 Nov 2002, operates a hotel business. Resorts and condominiums with registered capital of 600 million baht and the court ordered the rehabilitation of the business on 8 September 2015 with historical results as follows:

  • Year 2015 Income 410,275,120.75 baht, loss 785,907,713.16 baht.
  • Year 2016 Income 464,568,664.23 baht, loss 1,057,963,137.70 baht
  • Year 2017 Revenue 2,985,987,463.40 baht Profit 2,575,141,263.26 baht
  • Year 2018, income 428,638,824.48 baht, profit 64,806,364.76 baht
  • Year 2019, income 341,384,046.48 baht, loss 45,401,397.75 baht.
  • Year 2020, income 142,419,746.73 baht, loss 54,415,405.93 baht.
  • Year 2021 income 68,139,353.56 baht, loss 84,995,587.86 baht
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