plants acquired was completed the process of revising the power purchase agreement to FiT in the second quarter of 2021. In addition, the other biomass power plants, excluded the new plants, had planned
selling all investments in Genesis Data Center Co. , Ltd. therefore has presented such investments under the heading “Assets held for sale”. In early 2022, the sale of such investment was completed. As a
has been significantly completed as of 4Q18 • Major renovations comprises 1.) CentralWorld, which has been ongoing in phases since 4Q16, has been significantly re-developed as of 4Q18. At the end of
Sheet but also provides it the necessary resources to pursue its inorganic growth strategy. The net debt to equity ratio has reduced to 0.80 despite acquisitions completed in the first three quarters of
, to name a few. Preparations for the renovations are underway and will be progressively completed in 2019. • Minor renovation at 3 shopping malls namely 1.) CentralFestival Pattaya Beach 2
Development programs, completed the hiring of a Chief Strategy Officer and a Chief Human Resources Officer and formed the Indorama Management Council. Indorama Ventures 2018 MD&A 5 349 381 740 35 34 51 384 414
yet to be completed, the Company has yet not completed the third purchase of the shares. Moreover, if the parties are unable to proceed with the third completion of the share sale and purchase due to
of steam output. The project is extendable for up to an additional every 2 years. Construction works of the project was completed and its operation started on July 20, 2017. 1.1.2 Progress of