s THB or 118.53% of the Company’s NTA as of September 30, 2017. and more than 3% of net tangible assets. So the Company needs an approval of connected transactions from shareholders’ meeting with the

an approval of connected transactions from shareholders’ meeting with the vote of not less than three-fourths of total votes of shareholders who attend and grant the right to vote. However

were part of a certain number of assets to be disposed, which received shareholders’ approval at the EGM held on 4 January 2018 MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019 U CITY PCL 2018 MD&A (for

tangible assets. So the Company needs an approval o transactions from shareholders’ meeting with the vote of not less than three-fourths of total votes of shareholders who attend and grant the right to vote

an approval in Part 2 and the submission of the registration statement and draft prospectus in Part 4; (b) the CLMV company shall comply with the rules related to an approval in Part 3 and the

. TorChor. 72/2558 (2015) Re: Approval for Listed Companies to Offer Newly Issued Shares to Specific Investors (Private Placement). In addition, the offering of the newly issued ordinary shares to Silom Road

Ratios Debt to Equity times 0.42 0.42 0.45 Interest coverage times 531.88 227.59 95.03 Dividend payout (%) 55.85%* 55.65% 67.84% * Pending for approval from the 2019 annual shareholders’ meeting Operating

Financial Policy Ratios Debt to Equity times 0.40 0.42 0.42 Interest coverage times 3,095.00 545.41 222.73 Dividend payout (%) 76.07%* 55.96% 55.68% * Pending approval from the 2020 annual general meeting of

91.36 % 102.44 % - (10.82) 1.3 Sales and service income - Property development - Concrete products and others 95.10 MB 88.29 MB 6.81 MB 7.71 498.53 MB 177.68 MB 320.85 MB 180.58 1.4 Cost of sales and

or indirectly holds not less than 99 percent of total issued and fully paid-up shares, and Singha Property Management (Singapore) Pte. Ltd. ("SPM SG") and/or other subsidiaries in which SPM SG directly