usable, consequently necessitating sales below cost. However, the auditor was unable to verify this claim and found no supporting evidence to confirm the stated facts. After considering in conjunction
below the market price to be consistent with the aforesaid principles, which specify that “a share offering at a price lower than the market price” means a share offering at a price lower than any of the
shall be as below: 3 The shareholding structure before IPO The shareholding structure after IPO The Transaction is classified as an asset disposal transaction under the Acquisition and Disposition
relating to the financial aspect of business operators, for example, the number of shares held, shareholding proportion, trading account numbers. Verification data: Data for verification purposes, for
characteristics, and qualifications used for registration, whether with authority or not, and training history at the Thai Institute of Directors. Financial data: Data relating to the financial aspect of business
Narongdej reduced his shareholding below such trigger point, he then was exempted from the requirement to make a tender offer. SEC Act S.247 Settlement Committee Meeting No. 9/2017 Settlement