business. Also, the disposal of Land and Buildings will help the Company have cash flow to repay the debt within the time specified, which will reduce the burden on interest expenses and increase the

reduce the burden on interest expenses and increase the financial liquidity of the Company to be used as working capital. 4. Description of the asset to be disposed of Details of Land and Buildings are as

within the time specified, which will reduce the burden on interest expenses and increase the financial liquidity of the Company to be used as working capital. 4. Description of the asset to be disposed of

value Land and Buildings of Rich Asia Industry Co., Ltd. Baht 550.00 million Baht 502.90 million 7. Expected benefits to the Company from the asset disposal 7.1 This asset disposal could reduce the debt

. Expected benefits to the Company from the asset disposal 7.1 This asset disposal could reduce the debt of the Company, enabling the Company for partial debt repayment to the debenture creditor and enable to

Industry Co., Ltd. Baht 550.00 million Baht 502.90 million 7. Expected benefits to the Company from the asset disposal 7.1 This asset disposal could reduce the debt of the Company, enabling the Company for

additional investments in machinery to improve production efficiency and reduce production cost, in order to prepare for an increased level of production in the future. In addition, the Company has gradually

credit term from 45 days to 60 days, which helped the Company reduce usage of short-term loans to pay trade creditors. The Company’s short-term loan, therefore, decreased by THB 19.40 million (-6.02

rental area for some branch for reduce rental fee and moreover the Company has promotional activity, made an advertisement in each area for increased sale. Management’s discussion and analysis for the

was thus reduced to 29% in 2019 as compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive pricing which impacted the EBITDA adversely