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same as the appraised value as determined by the Department of Lands หนา้ 6 4. Management Discussion and Analysis Analysis of the financial status and operation results of the company in NPLs and NPAs

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1 (Translation) MD. 063/2018 May 9 , 2018 Re: Management Discussion and Analysis For the Operating Results ended March 31, 2018 To: President The Stock Exchange of Thailand Management Discussion and