acquisition of the significant control over a juristic person that is an existing shareholder of the business. The significant control shall include (1) holding of shares conferring 50 percent or more of the
of the business. The significant control shall include (1) holding of shares conferring 50 percent or more of the total voting rights in the immediate holding entity, or (2) nominating a substantial
been a change in the necessary circumstances as provided in the first paragraph, the Minister upon the recommendation of the SEC may modify or change the conditions already specified.
Part 4: Financial position and operating results 13. Significant financial information 14. Financial position and operating results of REIT 15. Trustee’s opinions on REIT’s performance Part 5
tendencies and strategies in 2018 7 Important Event 3 | Management Discussion and Analysis of Business Operation for the year 2017 Bangchak Corporation Plc. Summary of the Company and its subsidiaries
management believes that such events will not have any significant impact on the Company because the management is confident that the Company and the parent company did not take any actions that caused damage
number of foreign tourists, which were hit by various restrictions including the ban of all international flights to Thailand. Merchandise exports are expected to shrink due to a significant slowdown in
partially offset by significant cost increase of secondary raw material. Earnings Analysis 2Q 2018 core EBITDA increased by 63% to $388 million year-on-year.On a portfolio basis, IVL achieved a Core EBITDA