June 2017 (the date on which the transaction has been completed), therefore, the movement of financial position was primarily attributed to aforementioned acquisition. ASSETS ASSETS BREAKDOWN 31 DECEMBER
majority and sheer number of parties, governing could prove difficult. A large stimulus package is expected and large-scale projects are likely to go ahead. This should help boost the economy going forward
%). This increase is mainly due to consolidation of TigerSoft’s result as well as organic growth of existing business in HR technology and services in Thailand. In 1H 2020, we have completed a couple of
fuel costs have decreased, and our SG&A is significantly down year on year -24% as we focused on reducing costs in order to compensate the challenging market conditions. Going forward we continue to seek
million mainly from (i) lower finance costs of THB 624 million or 39% from Q2/2019 due to partial repayment of bridge loan using proceeds from the Right Offering (RO) completed in Q4/2019 and (ii) lower
Refinancing In May 2019, solar projects in Thailand namely, Solarwa Project and TPS Commercial Project completed Baht 2.2 billion debt refinancing to another financial institution with tenors of 14 years and
, including the legal due diligence, use of the intellectual property in relation to the project and the execution of the shareholders agreement, provided however that the Transaction will be completed within
decrease of 62% YoY, but an increase of 19% QoQ. On 27 April 2018, the Company has completed its acquisition of 65% ownership in Long Quan Safe Food JSC (LQSF), a major beverage producer in Vietnam. LQSF
of steam output. The project is extendable for up to an additional every 2 years. Construction works of the project was completed and its operation started on July 20, 2017. 1.1.2 Progress of
completed in Q2/2018, resulting in the changes in the fair value of power purchasing agreement and the rights to a concession, after alterations were made to assessment assumptions. As such, some revisions