, either. Such disposal of assets does not have a significant impact on the Company’s core business. Also, the disposal of Land and Buildings will help the Company to have the cash flow to repay the debt
business. Also, the disposal of Land and Buildings will help the Company have cash flow to repay the debt within the time specified, which will reduce the burden on interest expenses and increase the
management costs over the long-term, which will in turn help reduce costs within the economic system. Within this context, KBank and K Companies accentuate enhancement of our business capabilities to achieve
simplified approval process to customers, with only collateral required, to assist small cash-based operators to better access funding sources. Moreover, KBank worked with TGIF Market to help shop owners sell
basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Company and its subsidiaries immediately recorded commission as selling expenses when the
contract should be recorded as an asset and amortized to expenses on a basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Group immediately recorded
disposal of Land and Buildings will help the Company have cash flow to repay the debt within the time specified, which will reduce the burden on interest expenses and increase the financial liquidity of the
language teaching school under the name “Chinese Language and Cultural School”. In addition, KPN Academy is a shareholder in other subsidiaries which are Innovative Learning and Design (Thailand) Co., Ltd
house. The clubhouse is expected to complete during the beginning of 2018. The new development would help to reposition golf course to a competitive level and serve the customers’ needs. The Company
. no longer being a subsidiary of the company. This decision was made because it continued to return deficit performance and letting it go would help the company to be released from the cost burden, and