projects and their associated costs. During the quarter, the Sansiri JV recognised transfers of The Line Chatuchak-Mochit (now fully transferred), The Line Wongsawang and The Line Ratchathewi projects

from the Sansiri JV, which recognised transfers of The Line Wongsawang,The Line Ratchathewi, The Line Asoke-Ratchada and The Base Garden Rama 9 projects during the quarter. Finance costs were THB 133mn

million Baht or 20.7 percent. Because during the year the company has not developed a new project but there are disposals of the remaining projects. During the year, there were transfers to investment

per unit. 15. Restrictions for sale/transfer: Specify the restrictions in the offering of the structured notes for sale, whether in the initial offering and subsequent offerings/transfers (if any), for

transfers or will transfer an asset to or places or will place an asset with a special juristic person for the purpose of securitization. “trust” means trust in accordance with law governing trust for

offering in accordance with the relevant Thai laws and regulations. Withdrawal of approval 24. The SEC may at any time review a Hong Kong Covered Fund’s approval and may modify, add to or withdraw any of the

Fund’s authorisation and may modify, add to or withdraw any of the conditions of such authorisation, or withdraw the authorisation, as it considers appropriate. Sale/distribution, offering documents

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources CONTENTS Executive Summary and Management Guidelines to Mitigate the Effects of the COVID-19 Outbreak 03 Statement of Income 09 Business Performance 11 Statement of Financial Position 24 Cash of Statement 26 Financial Ratios 27 Environment Management Accounting 29 3 Management Discussion and Anal...

settlor transfers trustfully the money received from the offering to the trustee in order that the trustee may manage the assets for the benefit of the unit holders”, and, “once the trust becomes valid, the

slowdown in domestic and external demands and also from the delay in private investment due to low capacity utilization in manufacturing. Meanwhile, public spending excluding transfers also contracted in