Microsoft Word - GLOCON.012-2020 Clarification on the Company acquiring shares of Glocon ... GLOCON.012/2020 March 19th, 2020 Subject: Clarification on the Company acquiring shares of Glocon
company. Purchase of 80% of Universal Common Shares of Universal Worldwide Transportation Limited. Page 2 of 5 The Company must recognize revenue. Entering into the financial statements. As a result
. The increase in demand by air freight, in particular, encouraged the cross-border land transportation (CBS) business to turn a profit on the net loss last year. This contributed to a significant growth
: Unit : THB million Service 2017 2016 Add (Reduce) Percentage Sea Freight 635.03 503.93 131.11 26.02 Air Freight 465.59 293.76 171.83 58.49 Logistics Management 295.75 224.80 70.95 31.56 Total Service
ordinary shares of WICE Logistics (Hong Kong) Limited in the proportion of 80% of the total ordinary shares. And on September 14, 2018, the Company has purchased ordinary shares of Euro Asia Total Logistics
in the automotive industry have recovered. As a result, ocean freight began to resume playing a role in the Company's operating results. Cross Border Service is an alternative service that is very
shares. The Company must recognize revenue. entering into the financial statements. As a result, revenue from services increased. The income can be classified as follows: Page 2 of 4 Unit : million baht
shares held after acquisition 80% of registered and paid-up capital Type of business UWT is a freight forwarder in Hong Kong which provides international logistics services including import and export
the purchase of ordinary shares of WICE Logistics (Singapore) Pte. Ltd. Or "WICE SG" (formerly Sun Express Logistics Pte. Ltd. or "SEL") in the amount of 30 percent of the total shares (Portion 2) In