previous quarter. The Monetary Policy Committee (MPC) maintained the policy interest rate at 1.50 percent, viewing that while the Thai economy continued to gain further traction, there remained risks on the

a specific offering price determined by the resolution of a shareholders’ meeting pursuant to the TorChor. 72/2558 Notification, where the offering price is not lower than 90 percent of the fair value

Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

have adopted digital banking platforms to support business operations in a bid to facilitate financial and payment transactions for customers, allowing them to gain better access to banking services

dividends to the holders of the preferred shares at a rate lower than the rate specified in (a). In this regard, the preferred shares’ right to cumulative dividends during the calendar years between January 1

as the strengths of the two companies have been combined to generate not only growth synergies but operational synergies, allowing costs within the organization to be lower. This results in the company

Company’s ordinary shares decreased and became significantly lower than the market price as at the date of the resolutions of the Meeting of the Board of Directors of the Company No. 13/2018 from Baht 5.99 to

lower than the par value of ordinary shares of the Company, therefore the Company is required to obtain an approval for the shareholders’ meeting, pursuant to Section 52 of the Public Limited Company B.E

lower than the market price1, the offering of the newly issued ordinary shares of the Company is an offering of shares with a discount of more than 10 percent of the market price pursuant to the

58.89 percent lower than the market price1, the offering of the newly issued ordinary shares of the Company is an offering of shares with a discount of more than 10 percent of the market price pursuant to