Voluntary Tender Offer (the “VTO Letter”). According to the VTO Letter, the conditional voluntary tender offer for the securities shall commence upon completion or obtaining the waiver of the following
by S&P in 2018 while Moody’s has a “positive” outlook on its rating. We see potential for further upgrades in the medium term considering the company’s good operating track record, prudent financial
1 The following Notifications shall be repealed: (1) Notification of the Office of the Securities and Exchange Commission concerning Guidelines for Application for Obtaining an Approval and Granting
; (2) the determination of fees for application for an approval, application for obtaining a license, a license, or for operating the business as licensed; (3) the issuance of rules relating to the
company’s management prevented the auditor from obtaining sufficient information and audit evidence necessary for reviewing the financial statements. Such information included cash account, purchases and
required by the firms’ policies. 21 Findings identified by the SEC The recommendations for improvement 6. Monitoring The prudent monitoring process provides the firms with reasonable assurance that the
including brokerage, dealing or underwriting of securities limited to debt securities or investment units. Clause 2. A securities company shall undertake trust business upon obtaining a license to undertake
business upon obtaining a license to undertake trust business under the Trust for Transactions in Capital Market Act B.E. 2550 (2008). The Office hereby notifies the Capital Market Supervisory Board’s
a transaction that a reasonable prudent owner of the property of the same characteristics as the trust property, who manages such property with similar objectives to those of the trust, may delegate a
transaction that is not personal in nature and needs no capability of trustee’s profession; (3) it is a transaction that a reasonable prudent owner of the property of the same characteristics as the trust