assets in the capital maintenance reports; (2) had concealed business control power and lacked good corporate governance by allowing the person, who was neither a company’s director, executive, nor staff
the shares of ADAM, which can be traded on the Stock Exchange. This act was deceitfully planned with the Board of Directors of ADAM in exercising its power to sign the agreement to buy the shares of
, the Company has seen the problems and then used a mean as the shareholder and directors representing the Company in order to find ways to improve the business recovery plan. 2. Investment in the power
business operation. The executive of Blue Finix has reported that, currently, Blue Finix has no revenue from its operation. 2. Investment in the power operator business in Philippines The meeting of the
problems from delayed projects and unexpected budget allocation of Government Projects. Expansion to private sector will result diversification of risk from variety of customers and source of income and cash
2020 MD&A 6 We are seeing a trend in industry that due to poor margin number of cracker, PO/MTBE projects have been delayed to conserve cash; this will help to restore the margin to replacement
redundancy, and to save cost and expense in the long term. The Company has also adjusted CAPEX plan and delayed the new investments, for example, the JV with ORI, the JV with MPIC, and the luxury villa
COVID-19 since the beginning of 2020, the expansion of overseas franchise Index Living Mall stores has been delayed by 1-2 quarters but still expected to be completed this year, when the situation of