owned by the trustee having power to manage the asset thereof; (c) the REIT shall be managed by the trustee and the assigned REIT manager appointed by the trustee according to this trust instrument. The
, VAVA has no relationship with the Company, or with (1) directors and executives, (2) persons with power of control, (3) major shareholders of the Company, nor other companies 14 which have persons
power of control, (3) major shareholders of the Company, nor other companies which have persons described in (1), (2) or (3) as a major shareholder or person with power of control. The Company and VAVA is
set up the REIT (settlor) and will become a REIT manager; (2) in case of issuing additional new units, the applicant shall be the REIT manager to whom the trust instrument specifies power and duty to
well. However, the commercial banks are tightening measures for credit undertaking with the worries on debt serviceability. Although, Thai commercial banking systems remained resilient as banks continued
Board of Directors’ meeting of the Company resolved to approve to confer the power upon the executive committee or chief executive officer or persons authorized by the executive committee or chief
including: (a) hybrid securities with debt repayment period longer than 270 days as from the date on which hybrid securities have been issued. In addition, such hybrid securities shall have one of the
debt instruments issued by the company under (e) or an agreement in the nature of money lending to the company under (e), provided that a fund has already become the shareholder of such company. (4)4