objective and providing up-to-date information sufficient for risk analysis. The reporting requirements on those unused for supervising purpose will be eliminated while frequency of report submission will be

introduced and apply to the qualified DW issuers.  In addition, the redundant information disclosed and signing requirement in the filing will be eliminated. SEC Secretary-General Vorapol Socatiyanurak said

public. In addition, as the disadvantage of double taxation has been eliminated, PE trust will be more advantageous than PE company with more flexibility in repayment of capital. The offering of PE trust

increased THB 104.51 million, accounting for 89.71% of the total change. The Company had an increase in revenue of THB 57.55 million (related transactions eliminated), while the three subsidiaries in Thailand

increased THB 130.75 million, accounting for 73.45% of the total change. The Company had an increase in revenue of THB 65.70 million (related transactions eliminated), while the three subsidiaries in Thailand

eliminated), while the three subsidiaries in Thailand had a total increase of THB 10.72 million (related transactions eliminated). The local subsidiaries gained advantage from the recovery of the automotive

Report on the Observance of Standards and Codes (ROSC) CORPORATE GOVERNANCE COUNTRY ASSESSMENT Thailand JANUARY 2013 Report on the Observance of Standards and Codes (ROSC) CORPORATE GOVERNANCE COUNTRY ASSESSMENT Thailand January 2013 Acknowledgements This assessment of corporate governance in Thailand has been prepared by David Robinett, Ratchada Anantavrasilpa, and Catherine Hickey of the World Bank Global Capital Markets Practice, as part of the Reports on Observance of Standards and Codes Pro...

in Thailand, which increased THB 51.97 million, with the Company accounting for THB 25.48 million, or 50.17% of the total increase in revenue (related transactions eliminated) The local subsidiaries

million (related transactions eliminated), accounted for 42.11% of the total increase in revenue. The local subsidiaries gained advantage from the recovery of the automotive industry in Thailand, resulting

amalgamated companies at their book values, eliminated by significant inter-company transactions, and the goodwill from the Amalgamation will not be occurred. Operating Results - Translation - 2 Total Revenues