Competitiveness of Cryptocurrencies, Digital Assets, and DeFi in Asia Pacific: A Plan for Leadership
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addition, certain conditions may cause disadvantage to the company. Besides, the company has no manifest business plan after selling out its core assets, putting the company at risk of having operating loss
)** requirement for assets held in hot wallets and cold wallets to align with the proportions and sources of digital asset custody for clients. Additionally, there would be NC requirement for digital asset trading
financial statements as of March 31, 2017 are as follows: Total assets Total liabilities Paid-up capital Retained losses 956,919,685 Baht 440,554,747 Baht 722,222,200 Baht 205,857,262 Baht 8. Financial Plan
operators that hold customer assets and 5 million baht for business operators that do not hold customer assets; (b) The capital from digital asset operation : NC charge of clients’ assets stored in hot
Board Member and Shareholder 1 0.00% 6. Plan to use proceeds from disposing of assets. Used as working capital of the company. 7. Reasonable and necessary in the transaction On March 19, 2017, at the
are different from REIT regulations. For example, the real estate-backed ICO currently lacks a mechanism for monitoring and overseeing the management of assets and for protecting the interest of
access varieties of funding by themselves for future business expansion. Hence, Spin-off Plan and offer UAPC shares to public together with IPO are regarded as a disposal of assets of listed company
The SEC, having been informed of the progress of the company’s plan for fund raising with the new investors in which a business rehabilitation petition must be filed with the Court, has instructed