to the Company’s existing shareholders to mitigate an impact on those shareholders after the Company’s stake in CAZ is reduced. The transaction is considered the disposition of assets in accordance
shares of Co-Mass Company Limited (“COMASS”) with total investment of THB 160mn, thereby increasing MACO’s stake in COMASS to 100.0%. As a result, MACO fully controls COMASS, allowing us to utilise
Limited, the Company’s direct subsidiary, holds 40 percent stake), the operator of a small power producer in Nava Nakorn Industrial Promotion Zone, invested in an expansion for an addition of 60 megawatts
company of WHAUP group with 33.33% stake, started commercial operation of its 8.6 MW waste-to-energy power plant in 4Q2019. PERFORMANCE BY BUSINESS Total Revenue and Share of Profit/(Loss) of Utilities
’ prices In 2017, domestic crude palm oil prices (CPO-DIT) had been on a downward trend. FY17 CPO- DIT price was at 24.88 THB/kg, declined by 7.07 THB/kg (down 22%yoy) from previous year, mainly due to
of total number of shares with voting right of such company; (c) a company whose shares are held by other companies in all downward levels of shareholding, beginning with the company whose shares are
held by the company under (a) exceeding fifty percent of total number of shares with voting right of such company; (c) a company whose shares are held by other companies in all downward levels of
activities. Overall Domestic HRC market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various
market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various representations are being made to