Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...
undertaking was unsuccessful since the conditions precedent were not fulfilled. After the failure of the joint investment with AM, the Company constantly made efforts to restore its financial status, e.g. the
investment with AM, the Company constantly made efforts to restore its financial status, e.g. the debt to equity conversion scheme in 2012 and the issuance of bonds for the trade creditors. Despite the
will get all five seats, as s/he will always outvote the minority share- holder by 80:20. cumulative voting would allow the minority shareholder to cast all his/her votes (five times 20 percent) for one
regarding key issues and report directly to the executive board or the board of directors; (4) reviewing the risk management system to ensure that it is always current and up-to-date. Clause 3 A securities
breaches of securities law, he can always submit such supportive information or evidence to the SEC for further investigation; otherwise, the SEC will again exercise it statutory power for evidence
has always emphasized on improving operations of securities companies in all aspects. We do realize that operations and services of securities companies must be on par with international standards. ASCO