theirs. In the case of REIT, a subsidiary means a company in which REIT invests indirectly through shareholding and which holds ownership of the invested assets. In addition, REIT must hold at least 99
notify its respective status with the SEC in accordance with the rules, conditions, procedures as well as time periods, as specified, to promote startup funding both directly and indirectly through
that apply to REIT direct investment.However, based on consultation with the private sector, there are necessary reasons why REIT sometimes may not be able to invest indirectly by holding virtually
decisions for clients, (2) Receiving compensations, either directly or indirectly, and (3) Operating such businesses regularly or giving services to the general public. Pursuant to Section 66 of the
foreign company launches public offerings of shares through the holding company founded in Thailand as though the foreign company indirectly offers for sale of shares through such holding company, the
48 months in order to fulfill the electricity supply requirement under the concession.The above construction contract is considered a related transaction as the major shareholders of VTE indirectly
shares or 64.35 percent of the total ordinary shares sold of MAKRO then held directly and indirectly by SHV, at 787 baht per share significantly higher than the market price, thus requiring CPALL make a
another 34.5 percent indirectly through Polyplex (Asia) Pte. Ltd. (PAPL), (2) Mr. Pranay Kothari, PCL Representative, (3) Mr. Manish Gupta, PCL Chief Financial Officer, (4) PAPL, and (5) Mr. Amit Prakash