creditors. The Company’s equity as of March 31, 2018 was Baht 550.99 million which decreased by Baht 1.06 million or 0.15% from the end of the previous year. The decrease was a result of the loss in the 1st

Venture nor the operation of the project with EGAT. Currently, the project has already been completed, all equipment and machinery have been sold out. On March 18, 2020, the meeting of creditors of the

percent when compared to same period of previous year which has other revenue of 1.13 Million Baht due to sell scrap raw materials, income from insurance claim and compromise with trade creditors (2

completed within June 2020 subject to the fulfillment of conditions precedent of the parties), KB and the Subsidiary will procure the loans from financial institution or other lenders to replace the existing

performance and net negative working capital of Baht -81.97 million. Most negative in working capital was from the payment of trade creditors and keeping more stocks. Net cash flow from investing activities was

Company sign compromise agreement with some creditors, and the Company gets extension for the repayment and interest haircut, so the Company recorded gain from compromise debt. Selling expenses Total

Baht 677.43 million respectively. The decrease in liabilities was from trade accounts creditors from more purchase of raw materials. 2.3 Shareholders’ equity As at 30th September and 31st March 2018

of creditors. In cost of sales due to the company had sales volume decreased in 2019 as result to the costs of goods and services decreased amount of 34.99 million Baht or decreased 11.49% compared

the company who issues the shares and it is not an offer for sale in general case; (5) an offer for sale of newly issued shares to creditors of the company under the business reorganization plan

. • Existing “information asymmetry” problem and agency costs. • Conflicts in the contracts between shareholders & bondholders • From managers’ views (acting on shareholders’ behalf), creditors benefit more