transaction completed, the Company will hold the GS both directly and indirectly total 46.00 percent of total paid-up capital of GS. The company foresees that the investment in HECH and GS will be used to
allocated to existing shareholder. The entitle shares is set on July 6, 2018 (the Record Date). The first allotment will be allocated to the existing shareholders at the ratio of 4 existing ordinary shares
Payment Payment by machine list. Reasonableness of entering into the transaction The seller will supply the machinery and equipment to various companies in Hanoi (in China), the affiliated companies of the
Payment Payment by machine list. Source of investment funds Working capital Reasonableness of entering into the transaction The seller will supply the machinery and equipment to various companies in Hanoi
, 2019 3. Total Value of consideration The payment will be made by installment for a total amount of 840,000,000 baht. 4. Basis used in determination of the value of consideration At par value. 5. The
, 2019 3. Total Value of consideration The payment will be made by installment for a total amount of 840,000,000 baht. Which is between the agreement with the investor. 4. Basis used in determination of
. Source of investment funds Working capital Reasonableness of entering into the transaction The seller will supply the machinery and equipment to various companies in and Hwa Fong Rubber (China) Co., Ltd
subsidiary will approve to increase the registered capital from Baht 1,215,000,000 to 3,600,000,000. The capital increase will be the amount of Baht 2,385,000,000 and will be divided into 23,850,000 ordinary
Payment Conditions The first payment: A deposit of 2,000,000 baht will be paid on the day the share purchase agreement is signed. The second payment: The remaining amount will be paid on the day of signing
, considering the company's ability to pay short-term liabilities without bringing in inventories, it will make the value clearer. In 2020 and 2019, the Company's liquidity ratio was 0 .41 times and 0 .01 times