impact asymmetry between buy and sell trades • Hypotheses • Data and Methodology • Empirical Findings • Conclusion Background on Price Impact Asymmetry • Empirical findings of permanent price impact

asymmetry of permanent and temporary price impact between buy trades and sell trades is determined primarily by market conditions. Specifically, contrary to the findings in previous studies, the results show

regarding investments in securities or other assets or to acquire, by other means, returns that will become assets of the mutual fund; “Mutual fund” means any mutual fund which accepts or does not accept

management company who is authorized by the management company to make decisions regarding investments in securities or other assets or to acquire, by other means, returns that will become assets of the mutual

: Criteria to Determine the Value of Consideration). The Company will acquire shares equivalent to 32.5 percent, in total of Baht 850,200,000. However, the Company has expended Baht 280,000,000 in negotiation

2204 2616 The Company will acquire shares equivalent to 37.5 percent, in total of Baht 981,000,000. However, the Company has expended Baht 324,999,779.28 in negotiation process in acquiring such shares

Esthetics under Trademark “Wuttisak” Attn. to: President The Stock Exchange of Thailand Refer to: Letter of FVC Ref. No. SET-2560-025 “Transaction to Acquire Franchise Wuttisak 25 Branches from Total 113

รายงานการประชุมคณะกรรมการตรวจสอบ ครั้งที่ 4/2548 Ref.: SET-2018-002 February 9, 2018 Subject: Signing on the Franchise Agreement; and the Agreement to Acquire and Dispose Assets of “Wuttisak Clinic

26th February 2020 Subject: Transaction to acquire land from a related party. To: President The stock Exchange of Thailand According to the resolution of Board of Directors meeting of S.Kijchai

รายงานการประชุมคณะกรรมการตรวจสอบ ครั้งที่ 4/2548 Ref.: SET-2018-003 February 14, 2018 Subject: Signing on the Franchise Agreement; and the Agreement to Acquire and Dispose Assets of “Wuttisak Clinic