independent financial advisor views that despite the reasonable objectives of the proposed acquisitions, NBC’s shareholders should not grant an approval because (1) the sale price of “Komchadluek” assets and

purchase price are reasonable and beneficial for the company and its shareholders and in compliance with reasonable conditions. In this regard, IFA is of the opinion that the acquisition is reasonable

estate development projects but due to the feasibility study of the project, the Company considered that the development of the project on such land is costly and not cost effective. The Company, therefore

information and calling of additional shareholders? meetings which is not only costly but also affects plan of the companies in certain cases. The revised CMSB regulations will bring about more efficiency of

replace the current regime whereby each license represents a bundle of business undertakings, which proves to be costly to licensees. The revision would allow more flexibility and support future types of

violation harder to detect “Easy” to do Constraints More costly to the firms Auditor and regulators’ scrutiny and litigation risk the sum of accruals must be zero over the life of the firm. Model Test

reasonable to increase the flexibility in submitting the report to be in line with the operation procedures of the business operators, whereby the business operators may request  an extension in submitting

competent officer without a reasonable cause or excuse. This case is in the process of inquiry by the inquiry official. DAB Act S.75 Criminal Complaint Filed with an Inquiry Official Dated 07/09/2022

of information requested by the competent officer without a reasonable cause or excuse. This case is in the process of inquiry by the inquiry official. DAB Act S.75 Criminal Complaint Filed with an

operate such businesses with reasonable costs because the current licensing regime under the Ministerial Regulation is securities license which includes various groups of securities business and all