Bangkok, 16 November 2017 ? The SEC has notified Pace Development Corporation Plc. (PACE) to clarify the assumptions used in the fair value measurement of its investment in Pace Project One Co., Ltd
measurement of its investment in Pace Project One Co., Ltd. (Pace One) and Pace Project Three Co., Ltd. (Pace Three). The deadline is extended to 15 January 2018.Earlier, the SEC instructed PACE to clarify the
measurement of its investment in Pace Project One Co., Ltd. (Pace One) and Pace Project Three Co., Ltd. (Pace Three), from 15 January 2018 to 31 January 2018. Initially, the SEC instructed PACE to clarify the
investments increased from fair value measurement according to the revision of Thai Financial Reporting Standards No. 9 by Baht 31.74 million, finance lease receivable increased by Baht 6.15 million. However
, restricted bank deposits increased by Baht 64.83 million, Short-term loans to related parties increased by Baht 43.32 million, other non-current financial assets increased from fair value measurement according
215 million, trade and other current receivables increased by Baht 181.08 million, other non-current financial assets increased from fair value measurement according to the revision of Thai Financial
. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited
longer than normal. However electricity sales rose 9% QoQ from the increased average irradiation hours seasonally. Within this quarter, share of profit from associated companies was recorded at THB 19
increased to an average level of 70.95 $/BBL in April, and proceeds to decline during the middle of May to early June. Thus, price of Dubai crude oil at the end of June was 61.76 $/BBL leading the refinery