problem – an exclusion of fixed effects – clustering standard errors 6/29/2015 18 Empirical Results – Q1 6/29/2015 19 Empirical Results – Q1 6/29/2015 20 Empirical Results – Q1 6/29/2015 21 Empirical Test
appropriate. The Meeting also considered to cease the printing operation of Post Today Newspaper and M2F Newspaper within March 2019 onwards and to focus more on using digital media, websites and online
securities company, it shall be deemed that the approval for such auditor granted by the Office in accordance with this Notification shall cease accordingly. The finance and securities company referred to in
approval for such auditor granted by the Office in accordance with this Notification shall cease accordingly. The finance and securities company referred to in paragraph one hereof shall submit a copy of
ended January 2019. The Company cease recognized revenue from this business segment since then. Trading of consumer products segment This business segment commenced operate by the Company in June 2019. B
effective by ended January 2019. The Company cease recognized revenue from this business segment since then. Trading of consumer products segment This business segment commenced operate by the Company in June
cancellation of ABC World’s lease agreement, which the lease termination effective by ended January 2019. The Company cease recognized revenue from this business segment since then. Trading of consumer products
Company planned to cease its operation in TL. The Company thus decided to dispose the ordinary shares in TL to mitigate possible impacts in the future if TL still continues its operation. The aforementioned
revenue from this business segment decreased due mainly to the cancellation of ABC World’s lease agreement, which the lease termination effective by ended January 2019. The Company cease recognized revenue