has long been assumed that in times of market bubbles, rational investors, which are able to on average, properly discount future cash flows of corporations or other financial assets are consumed by
the purchaser for the outstanding amount. A part of the proceeds from the disposal of assets were used to pay down on the bank overdrafts and short- term loan outstanding in March 2017. The Company
such transaction to the SET. 3.3 Rational and background of the transaction Rich Asia Corporation Public Company Limited (“the Company”) has the debtor which is Rich Asia Industry Company Limited
21 days from the disclosure date on which the information memorandum on entering into such transaction to the SET. 3.3 Rational and background of the transaction Rich Asia Corporation Public Company
the shareholders of the Company within 21 days from the disclosure date on which the information memorandum on entering into such transaction to the SET. Enclosure 3.3 Rational and background of the
Thailand (the "SET) and send a circulated letter to the shareholders of the Company within 21 days from the disclosure date on entering into such transaction to the SET. Enclosure 3.3 Rational and background
land for Baht 166.54 million. In March 2017, the Group had transferred the ownership of the land to the purchaser since the Group has already received the payments from the purchaser for the outstanding
transferred the ownership of the land to the purchaser since the Group has already received the payments from the purchaser for the outstanding amount. For the financial statement ended December 31, 2017, the
of steel Relationship with the Company Business Partners Debt amount * 252.08 million Baht Debt to Sales ratio** 7.33% Provision for allowance for doubtful accounts 100% of outstanding balance due to
on entering into such transaction to the Stock Exchange of Thailand (the "SET”). 3.3 Rational and background of the transaction Rich Asia Corporation Public Company Limited (“the Company”) has the