Capital Market No. 22/2018 SEC instructs EARTH to clarify the existence and the fair value of mining property rights Bangkok, 16 March 2018 – The SEC has instructed Energy http://capital.sec.or.th/webapp
. Provide information about the existence or possible creation of other securities and other indebtedness with seniority to the debt securities. If the rights of the debt securities holders will be
disclose if anything would impede the ability of these individuals to perform their required business activities for the issuer. For example, this could include whether any of the issuer’s directors also
the existence of the debt that Tangerine Properties Co., Ltd., a POLAR subsidiary, owes to Simba Co., Ltd. Earlier, the SEC ordered POLAR to conduct a special audit on such debt and requested the
the SEA whereby EARTH had to clarify and disclose information on the true existence of the legal rights and the result of the re-assessment of the fair value of two coal mines in Indonesia according to
to approve that EARTH underwent a business rehabilitation process. The SEC, then, had a question regarding the existence and status of the increased debt of THB 26,000 million.The investigation
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rights. In order to avoid over-regulation, unenforceable laws, and unintended consequences that may impede or distort business dynamics, policy measures should be designed with a view to their overall
security holders to any payments on the debt securities. - 15 - 2. Provide information about the existence or possible creation of other securities and other indebtedness with seniority to the debt
or person who may have conflicts of interest that may impede the exercise of independent judgment, and any relationship that causes the inability to freely give comments on the operation of the