entered into the MRT Blue Line Concession Agreement with the Mass Rapid Transit Authority of Thailand ( the “MRTA”) on March 31, 2017 for the concession period of 33 years. The MRT Blue Line Project
domestically with the expansion of new mass transit lines which provides an opportunity for greater growth in our street furniture business. Selective digital conversion will help increase the media value of our
domestic business due to higher expenses from concession in Transit and Airport Media, while Trans.Ad Group’s cost is mainly from hardware and software. As a result, overall gross profit margin was decreased
—driven by strong polyester demand growth, capacity balancing and superior supplier discipline—we expect recovery in Asian PTA earnings in the quarters to come. Indorama Ventures 1st Quarter 2018 MD&A 7
. This budgeted CAPEX is mainly for 4G capacity expansion incorporating our plan to ensure 5G-compatible architecture and our focus to carefully balancing investment with return. Dividend policy at minimum
the Agreement in respect of the Project for Technology Improvement of Advertising Media on the Pillars of Bangkok Mass Transit Stations (Sukhumvit and Silom Lines) dated November 1, 2018 between Bangkok
Clause 3.2 (Renewal) of the Agreement in respect of the Project for Technology Improvement of Advertising Media on the Pillars of Bangkok Mass Transit Stations (Sukhumvit and Silom Lines) dated November 1
the Project for Technology Improvement of Advertising Media on the Pillars of Bangkok Mass Transit Stations (Sukhumvit and Silom Lines) dated November 1, 2018 between Bangkok Mass Transit System Public
Method of the businesses involving advertising media management with Mass Rapid Transit (“MRT”) in Malaysia and Kuala Lumpur International Airport (“KLIA”). 9. Expected Benefits for the Company 1. The