Analysis For 4Q19 and FY2019 P a g e | 2 Despite the lower hotel revenue from the closure of Dusit Thani Hotel Bangkok at the beginning of the year with carrying hotel staff cost, the Company reported the
: • Lower inventories as the Company has enforced stock reduction policy • Decrease in property, plant, and equipment due to depreciation • Decrease in leasehold rights due to amorization • However, the
million, the sellers (major shareholders after the transaction), agree to coordinate with WCIH to pay debts to the Company not lower than Baht 100 million of which WCIH will prepare and notify the debt
debts to the Company not lower than Baht 100 million. The remainder will be considered to make the payment as agreed by both parties. 3.2 Size of Transaction According to Notification of the Capital
placement) at the net price per share of the new shares of the Company which is lower than 90 percent of the market price per share of the Company’s ordinary shares; (3) in case of the Company issuing any new
Management Discussion and Analysis For the fourth quarter and year ended December 31, 2019 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd, Silom, Bangrak, Bangkok 10500
the case that the offering price of the Company’s newly issued ordinary shares is lower than 90 percent of the market price, the Company shall prohibit SUTGH and the SUTGH’s shareholders who shall
as the strengths of the two companies have been combined to generate not only growth synergies but operational synergies, allowing costs within the organization to be lower. This results in the company