Allotment of Shares in Excess of Underwriting Amount (No. 2)
Re: Allotment of Shares in Excess of Underwriting Amount
Granting the Purchasing Right to Provider of Over-Allotment Shares After Allotment of Shares in Excess of Underwriting Amount
participate in the supply reduction had to stop fuel pipeline transfers, leading to lower production and export of crude oil; alleviating market pressure from excess supplies. Also, active oil rig counts in the
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
reverted to its excess position in the market, while supplies in the previous year were tight. As such, crude production from the US adjusted to peak capacity from the beginning of this year to the level of
Iran after the country was previously sanctioned before the US revoked the sanction of the 8 countries, thus leading to excess crude supplies in the market. In addition, the bearish US stock market
significantly from the state of excess supplies within the market and declining demand from the COVID-19 outbreak. The company realized loss from invested capital in associate company, OKEA due to the price of
gradual increment of rig counts being used in the US; leading to concerns that supply reduction measures that producers have elected to follow, will not be able to curb market excess supply. On the other