seek out capable investors to help ameliorate the Company’s financial status, where in 2011, the Company entered into a joint investment agreement with ArcelorMittal Netherlands B.V. (“AM”); however, the
debts in accordance with the debt restructuring plan. The Company made other efforts to seek out capable investors to help ameliorate the Company’s financial status, where in 2011, the Company entered
increase the Company’s financial liquidity to be used as working capital and debt repayment which will help reduce the high interest burden of the Company. On the date the Board of Directors approved the
Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that
kiosk usage and money trafer service which has continuously growth. 3) Advertising income was Bt12mn, decreased 7.7% YoY, due to purchasing power of consumers was not recovered to normal. As a result, the
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purchasing power of mid-to-low labor segment. Furthermore, the drought season also decreases incomes of agriculture workforces, and as a result, FSMART (or the “Company”)'s total usage amount decreased
, more home cooking behaviors. The results of the expanding production line into flexible packaging group help reducing impact from uncontrollable external environmental risks for the company. Allowing the
severely affected. The Company is aware of the situation and has been taking actions in an attempt to overcome the difficulties. The Company seeks additional income from other sources to help generate extra