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Index Living Mall Public Company Limited (ILM) Management Discussion and Analysis (MD&A) For the First Quarter Ended 31 March 2020 Management Discussion and Analysis (MD&A) for the first quarter

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Company under the Debt to Equity Conversion Scheme The Company has determined the offering price of the newly issued ordinary shares of the Company at THB 0.1961 per share for not more than 21,801,000,000

Issued Ordinary Shares of the Company under the Debt to Equity Conversion Scheme The Company has determined the offering price of the newly issued ordinary shares of the Company at THB 0.1961 per share for

determined the offering price of the newly issued ordinary shares of the Company at THB 0.19613 per share for not more than 21,801,000,000 newly issued ordinary shares to be issued to ACO I as repayment of the

falls in between 15 – 50 percent which shall be determined as Class 2 transaction under the Acquisition or Disposal Notification. Thus, the Company is required to disclose the certain information to the

a specific offering price determined by the resolution of a shareholders’ meeting pursuant to the TorChor. 72/2558 Notification, where the offering price is not lower than 90 percent of the fair value

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