decline of 6.14 $/BBL or 10% compared to previous year. This has led to performance from 2018 to 2019 of the refinery industry, including the company’s, to decline. In 2019, the company and its subsidiaries
condition of such relationship including the characteristics of business relationship. Clarifications on the said matters should include a comprehensive flowchart of the overall business structure of the
to VAVA (including their related persons) have obligate to make a tender offer, as prescribed in the Notification of the Capital Market Supervisory Board No. Tor Jor. 12/2554 Re: Rules, Conditions and
as regard the Acquisition Transaction of FKRMM including the signing of the Agreement, memorandums or any documents and liaison with government agencies or related regulatory agencies as well as
restore the Company’s business, the SSG Group then started negotiations with the 7 major trade creditors of the Company (including Cargill) and purchased debts from all of the said creditors. The SSG Group
such person to negotiate, agree, determine, amend the details of conditions or process any necessary matters as regard the Acquisition Transaction of FKRMM including the signing of the Agreement
negotiations with the 7 major trade creditors of the Company (including Cargill) and purchased debts from all of the said creditors. The SSG Group is a group of juristic persons consisting of investment funds