the trust instrument appoints a sole trustee or several trustees and specifies each trustee to separately manages the trust property, if there is a cause to alter the trustee but the new trustee has not
complements, but does not alter, the terms and conditions of existing arrangements between the Authorities such as the IOSCO MMoU. To the extent any provision of this MoU conflicts with the IOSCO MMoU in
Chinatown and Baan Dusit Thani. For the last quarter of 2019, the Company remains positive towards Food Business and Other Businesses as the new investments started to have revenue growth. The Company also
Ratchadamri Hotel Bangkok, ASAI Chinatown and Baan Dusit Thani. For the last quarter of 2019, the Company remains positive towards Food Business and Other Businesses as the new investments started to have
, improving from 76.1% in 2017 to 78.4% in 2018. Both HR services and Financial services showed positive increase in proportion of recurring income as we continue to expand our customer base for recurring
an existing plant. Source of Financial Capital As the group as no interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Major Factors which
considered a positive factor that shall enable the Company's operating performance to grow continually in the future. 2019 was considered the year that the Company had a remarkable performance and achieved the
products that offer well-perceived quality at reasonable prices. We believed that the notable Carabao brand is well imprinted among targeted customers and the positive feedback in term of sales of both the
881 Website: www.aapico.com Management Discussion and Analysis for the year 2019 3 The positive impact on net profit on the other hand include an increase of sales and service income from the automotive
opening of new branches, (2) positive same-store-sales growth and (3) increased sales of raw material to franchisees. Franchise fee income increased from THB 56.5 Mn in 2017 to THB 69.6 Mn in 2018, an