subject to temporary trading suspension. In addition, the company must proceed to have new operating business to meet the SET regulations within 12 months while its business plan remains unclear

a registration statement previously filed by this applicant. However, the SEC found the same deficiencies on issues such as related party transactions and unclear separation of businesses the

. Administrative expenses at 40.91 million baht, an increase of 19.05 million baht or 87%. the company has increased from operating expenses. 3. Allowance for doubtful accounts (11.39) million baht which decrease

recognized doubtful account increased amount of 28.55 million Baht from the same period last year which is estimated from unpaid debtor 31.42 million Baht and reversal of doubtful accounts receivable from

company directors and the unclear information regarding the invitation to the Board of Directors meeting, the SEC has therefore instructed JKN and persons involved to give additional clarification and

deposit made for a due diligence on A Day amounting to 120 million baht. The SEC viewed that POLAR ' s statement on the above issues is unclear. In addition, POLAR is currently unable to submit its

as 1.21 times, which significantly affected EARTH's financial position. In addition, the sources, existence and status of such liabilities are still unclear and may widely affect the benefits of the

profit should also be avoided while accounting aspect of the transaction remains unclear as it could affect company share price and constitute a violation of securities law,? Chalee added.

issuance of POLAR-W4 and the issuance and offering of convertible debenture, and (5) allotment of 4,000 million PP capital increase shares. POLAR consequently proceeded these matters despite its unclear

1Q2017, mainly from an increase in interest paid on borrowings from financial institutions and bill of exchange. 2.4 Bad debt and doubtful accounts (reversal) The Company has bad debt and doubtful accounts