driven by lower industry-wide Integrated PET spreads. Going forward, management will focus on cost management initiatives, drive operational excellence, and working capital optimization in parallel with
existing shares, equivalent to 23 percent of the total shares of Kerry (the “Sale Shares”), from the three existing shareholders, i.e. (1) KLN Logistics (Thailand) Limited, (2) Gather Excellence Limited, and
maintenance of such power plants. Significant Events in Q4/2018 4 Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2018 and FY2018 • GPSC received two Excellence Awards from CFO
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