– Translation – GRC-02/2020/026 12 November 2020 Subject: Establishment of New Subsidiaries To: President The Stock Exchange of Thailand Singha Estate Public Company Limited ("the Company") would
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or exceeds 0.03% but less than 3% of the Net Tangible Asset which is required to disclose details of the transaction to the Stock Exchange of Thailand. 2.6 Rationale and necessity of the transaction