allow public limited companies to purchase or hold its own shares or gain benefits from a debt-to-equity conversion, and consistency with the Announcement of the National Council for Peace and Order No
partly because the overall household purchasing power was not sufficiently strong and household debt remained elevated. Private investment picked up in line with the improved economic outlook, and with
wide range of economic activities, weakening purchasing powers, lowering household income, increasing number of laid off labors, high debt burden, and lowest consumers’ confidence in more than 21 years
In May 2019, Solarwa Project and TPS Commercial Project successfully completed Baht 2,200 million debt refinancing with interest saving rate approximately 2.0% p.a. or Baht 119 million throughout the
Analysis For 2Q20 and 6M20 P a g e | 8 As of 30 June 2020, the Company had Interest bearing debt to equity attributable to owners of the Company (IBD/E) ratio at 3.20 times and IBD/E ratio excluding TFRS 16
reviewed by the certified auditors of the Company are as follows: No Criteria Calculation Formula Transaction size 1 Net Tangible Assets (NAT) Criteria Cannot be calculated since disposed asset is not
industrial countries that could affect domestic demand as well as geopolitical risks. In addition, there remained downside risks pertaining to domestic factors such as elevated household debt, impacts from
Refinancing In May 2019, solar projects in Thailand namely, Solarwa Project and TPS Commercial Project completed Baht 2.2 billion debt refinancing to another financial institution with tenors of 14 years and