fair, efficient and transparent; and the reduction of systemic risk.3 Quality and integrity of the credit rating process CRAs should endeavour to issue opinions that help reduce the asymmetry of
recorded at the time of acquisition of GLAND, which reflected the fair value of GLAND’s investment properties at that time. As a result, the depreciation and amortization expenses from those investment
following essences: (a) such acquisition has to: 1. be in compliance with the trust instrument and relevant laws; 2. be for the best interest of the REIT; 3. be reasonable and at fair price; 4. have expenses
; 3. it is reasonable and concluded on a fair price; 4. the expenses of which to be incurred by the trust (if any) is charged under a fair and appropriate rate; 8 5. when an acquisition of an
financial statements for the same period of the previous year after the fair value measurement of the identifiable assets acquired and the liabilities assumed at the acquisition date, and the measurement of
any financial support must be taking into account the necessity and reasonability in doing, have fair condition and create the maximum benefit to the Company. In case of guarantor transaction, the
approved related transaction policy which is clearly state that any financial support must be taking into account the necessity and reasonability in doing, have fair condition and create the maximum benefit
which is clearly state that any financial support must be taking into account the necessity and reasonability in doing, have fair condition and create the maximum benefit to the Company. In case of
Position (1) Investment Properties are booked at cost and depreciated with the straight-line basis over the life of the assets. The estimated fair value is THB 180,409 mn (THB 167,688 mn in December 2016