100 percent shares held by the Company, to acquire the additional ordinary shares in the amount of 16,875 shares, equivalent to 30 percent of the total shares of COMASS from the Seller at the purchase
contraction as a result of sluggish export in the midst of global financial crisis, diminishing demand of domestic private sector, and lack of confidence in economic and political directions. All these factors
held on November26, 2017 which has the material resolutions as follows 1. Approved to propose the Shareholders’ Meeting to approve the Company to acquire total shares of 20,000,000 of Fung Keong Rubber
acquire total shares of 20,000,000 of Fung Keong Rubber Manufactory (Malaya) Sdn Bhd MYR which accounted for 100% of total p MYR or equivalent to 416,537,120 THB which calculated by issuing 55,000,000 new
Future Growth In order to acquire shares of Glow Energy Public Company Limited (“GLOW”), the company had obtained a short -term loan from financial institution and major shareholders to make the payment to
independent valuer which is approved by the Securities and Exchange Commission, that it should be equal to Baht 2,616,000,000 or Baht 974.5877 per share. The Company will acquire shares equivalent to 32.5
Dubai crude oil price in Q1/2019 adjusted downward by 4.89 $/BBL when compared to Q4/2018 in regards to pressure from diminishing crude oil demand stemming from major maintenance of refineries over in the
Limited Management Discussion and Analysis | 10 ester plant 2. Furthermore, the company also had an impact from a considerable diminishing of glycerine price due to ample supply, attributed to glycerine
structure. Then, it has been found that the operation of the project in the same manner may result in an inability to acquire the benefits to Company and for shareholders as when the investment was previously