days from previous year. The result came from the average period of time to collect debt that was shorter while the period of paying debt was longer. As the value amount of current assets was Baht 737.71

quite a longer process of licenses than expected, e.g., import license and food serial number from the Food and Drug Administration (FDA). In addition, the Company is in the process of adjusting its

as prescribed in Clause 20, it shall be deemed that such Institute of Appraisal Profession no longer wishes to supervise or promote the appraisal profession for widely used appraisal, and the SEC

time period shall not be longer 1 Amended by the Notification of the Office of the Securities and Exchange Commission No. Sor Shor. 9/2558 Re: Approval of Auditors in the Capital Market (No. 2) dated 24

enhancement of our business capabilities to achieve sustainable growth and returns while maintaining our long-term market leadership. Guided by our core strategies of “Customer Centricity”, KBank has extended

, we developed loan products for customers in industries with brighter growth prospects. Of note were K-SME Medical Credit, K-Buyer Financing for Sub-dealer and Added up for Leasing. We have extended the

in lending criteria or guidelines, especially those related to retail loans from the Bank of Thailand, which may curb the expansion of loans extended to certain groups of customers. Moreover, banks

slash operating costs through low interest rates plus longer loan terms. In alignment with the government’s policy of a cashless society, KBank has granted support to card accepting merchant business

persons); therefore, it no longer has control in the company, resulting in the change of MACO’s status from a subsidiary to an associate company of VGI.  After the restructuring, MACO will focus on

. Cash cycle The cash cycle for the year ended December 31, 2019 and 2018 was 6.9 days and -3.3 days, respectively, driven by longer average collection period from 19.2 days to 22.0 days, higher inventory