outcome of business operation, such as a financial institution which was closed down or controlled by the Government, the company having problem in debt payment, or in the existence of business the company
disclosed to the SET. 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and the cash flow for the debt repayment and the
License return shall reduce debt burdens of 7.1 the Company; enabling it to repay debts to creditors and continuously run the businesses. At present, the Company has liabilities with interest with financial
financial ratios. The total debt amount that will be restructured is USD 37,358,546 which part of the debt, USD 32,934,250, will be converted into equity while the remaining will be recorded as gain from debt
investment amounted to THB 3,890 million; with total liabilities of THB 3,528 million; and total equities of THB 9,265 million. In this regard, the company remains strong in a financial position with low debt
decrease from 0.72x as of 31 December 2018 because decreases in inventories were greater than current liabilities that the Company repaid loans from financial institutions. Interest-bearing debt to equity
-term investment amounted to THB 4,038 million; with total liabilities of THB 3,762 million; and total equities of THB 9,080 million. In this regard, The Company is still in a strong financial position
liabilities that the Company repaid loans from financial institutions. Interest-bearing debt to equity ratio increased from 2.28x to 2.54x because loans from financial institutions reduced less than the
0.75x as of 31 December 2018 because decreases in inventories were more than current liabilities that the Company repaid to loans from financial institutions. Interest-bearing debt to equity ratio
was the main balance in total current assets, the management still believes that the Company could collect debt from the main customers based on the past experience. 3. Summary of financial position of