capital market. Nonetheless, the SEC still identified certain deficiencies in the quality control system in this inspection cycle such as rotation of auditors, insufficiency of human resources, completeness
in the capital market. Several initiatives are also at play to ensure that the financial reports enhancement is recognized internationally. This in turn will strengthen the reliability of the Thai
the audit of information technology general control (ITGC), as many medium-and small-sized audit firms had been identified by the results of inspection to lack sufficient competent personnel in
audit quality, training sessions on how to remedy the recurring deficiencies identified in several audit firms. Such efforts to develop audit 02 quality have evidently paid off with the improvement of the
their visit as well as unit inspection of our residential projects. Nonetheless, no significant impact from this pandemic on the Company’s commercial business was identified during 1Q2020. Singha Estate
the capital invested in the subsidiary, SSK, at the cost price where the term of the payment of share price is limited within 2.5 years. The Company, therefore, recognized the loss from the calculation
to the company acknowledged the one-time profits in the amount of THB 108 million from the transfer of 4 Thai restaurants in the UK and other relevant properties to Patara Fine Thai Cuisine Limited
(GLAND has 15% ownership stake in GLANDRT) by complete assets transferred of The Ninth Towers Grand Rama 9 and Unilever House Grand Rama 9 to CPNREIT. The Company has recognized the transaction in
these inspections regularly communicated to ensure timely rectifications of any deficiencies found. Through such efforts, the SEC is now widely recognized as a trustworthy and effective independent audit