ADAM to fraudulently acquire Kitha Properties to be a subsidiary of ADAM by purchasing the total amount of Kitha Properties’ ordinary shares in 2014, although they have already known that Kitha
with the Cyber Crime Investigation Bureau.“The Royal Thai Police has appointed a special investigative task force, led by Police Major Thatchai Pitaneelaboot, Ph.D., Assistant Commissioner General, to
(UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force, and that this English translation is strictly for reference. 7 Notification of the Office of the
(UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force, and that this English translation is strictly for reference. Notification of the Office of the
net NPAs is calculated from the sum of cash collection received from NPA management business divided by the sum of ( i) properties foreclosed – net; and ( ii) installment sale receivables-net (average
Baht 192,189.05 (or 2.48 times over acquisition cost) while book value of properties for sale was at Baht 23,899.11 million against the appraisal value of NPA at Baht 55,069.43 million (or 2.31 times
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
an offense by making ADAM dishonestly purchased the whole ordinary shares of Kitha Properties Company Limited (“Kitha”) in 2014 resulting in Kitha becoming a subsidiary of ADAM with an incentive to
. This Act shall come into force after the following date of its publication in the Government Gazette. SECTION 3. The definition “the Capital Market Supervisory Board” shall be inserted between the
TRANSLATED VERSION codified up to No.3 as of August 20, 2014 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference