Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

bondholders are prescribed to be subordinate to those of the ordinary creditors. “convertible bond” means a bond that may be converted into newly issued shares of the issuer of such convertible bond

ratio and price, amount of underlying shares, offered amount and value, amount and value of the portion yet to be converted, unredeemed number and value, redemption maturity date, collateral, and other

underlying shares, offered amount and value, amount and value of the portion yet to be converted, unredeemed number and value, redemption maturity date, collateral, and other significant terms such as the

. For example, type, maturity, interest rate, convertible ratio and price, amount of the underlying shares, offered amount and value, amount and value of the portion yet to be converted, unredeemed number

Risk Management Liquidity in the financial markets both at home and abroad tightened, especially at the end of the quarter as investors heavily sold off various assets and shifted to hold more cash

- Translation - Tender Offer for Securities (Form 247-4) Of Glow Energy Public Company Limited By Global Power Synergy Public Company Limited (The Tender Offeror) The Siam Commercial Bank Public Company Limited And Phatra Securities Public Company Limited (Tender Offer Preparers) Phatra Securities Public Company Limited (Tender Offer Agent) “This English language translation of the Tender Offer has been prepared solely for the convenience of the foreign shareholders of Glow Energy Public Company...

share into an ordinary share, the right to receive the cumulative dividends as specified in (1)(b) of the preferred shares that have been converted into ordinary shares shall end. Please see the details

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

, businesses and payment have shifted into the digital realm. Meanwhile, cyber threats have become more sophisticated, as seen from their application of state- of-the-art technologies. Against this backdrop