Thailand's Private Sector Collective Action Coalition Against Corruption’s Certificate LH Financial Group Public Company Limited, Land and Houses Bank Public Company Limited and Land and Houses Fund Management

shareholders structure is as follows: LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2019 Page 3/22 Thailand's Private Sector Collective

in Q4/2018 continuously grew. Export-oriented manufacturing businesses continuously expanded but domestic-oriented manufacturing was rather stable as slow recovery of private consumption and high

business. Similarly, private investment sector was slowdown regarding to the concern about uncertain government spending except in the electronics group that moved production base from abroad and the

Baht appreciation, affected to production competitiveness that manufacturers made decision to shift production base or import materials from foreign. Similarly, private investment sector and employment

of international tourists. Private investment is prone to recover in the second half of 2017 especially in automobile equipment, consistent with significant growth of passenger car sales in Q3

Chinese. Meanwhile, level of domestic economic activities gradually increased, though not accelerating. Consumption and investment of private sector steadily expanded consistent with the improving consumer

, industrial sector and tourism sector. Domestic demand continued to expand from private consumption following the fundamental factors supporting overall purchasing power, while private investment contracted

exemption or light-touch track for offers made to sophisticated investors or private placements. However, the SEC proposes that ICO for “investment participation” be initially allowed for institutional

1 เอกสารรับฟังความคิดเห็น เลขที่ อนจ. 3/2561 เรื่อง หลักการแนวทางการอนุญาตให้กองทนุสามารถลงทุน ในหน่วยของกิจการเงนิร่วมลงทนุ (private equity) เผยแพร่เมื่อวันที่ 26 มกราคม 2561 ส านักงานได้จดัท า