to ASB Cambodia. 4. In order to comply with the regulation of Otoritas Jasa Keuangan (“OJK”) (Indonesian Financial Service Authority) that ACSI is required to have local shareholders not less than 15
the Company, at the amount of USD 65 million, or equivalent to approximately Baht 2,138 million, in order to support and strengthen the strategic partnership and enhance the synergies between the
renewing the transaction are as follow: 1. To pay back The 2 Financial Institutes, in totaling Baht 360 Million in order to redeem the mortgage. 2. Transfer The redeem mortgages to ASIA PLUS SECURITIES
to generate additional income. 2018 is the Year of Change as all aspects of the operation are modified in order for the Company to achieve sustainable growth under sufficiency economy principles. The
and conditions. In order to reduce investment in non-core business of the Company. By the reason that the ice cream business is not related to the business of the Company. (13) Opinions by the Audit
capital for marketing and after sales services operation in order to support new business operations of the conglomerate as planned. 4. Description of the asset to be disposed of 4.1 General Information
adopted the Thai Financial Reporting Standard No. 15, subject to Revenue from Contracts Made with Customers ("TFRS15") which was effective on January 1, 2019. In order to comply with the accounting standard
remaining costs of project work that has been closed according to purchase order are recognized together with delivered income (3) Expenses Year 2019 company and its subsidiaries has total expenses of
branches, customers can order our products via direct phone through sales team and sales representative as well as delivery to customer’s home. The Group had increased sales team to support such channels for
and production order. As a result, the cost of sales per unit increased. (4) Dividend income In the second quarter of 2019, the Company received dividend from Millcon Steel Public Company Limited at the