made by Indorama Ventures Public Company Limited (“IVL”) on 9th November, 2017 regarding the acquisition of the PTA assets of Artlant PTA S.A. and the adjacent utility assets of Artelia Ambiente, S.A. in

has also signed a definitive asset purchase agreement to acquire the adjacent utility assets of Artelia Ambiente, S.A. Portugal which has a capacity of 40 MW of electricity plus steam, demineralized

2016 2017 DW Trading Value (Mil. THB) Index DW Trading Value (Mil. THB) Recall: Option price consists of 2 components. Intrinsic value + Time (betting) value 5 Factor Calls Puts Note Asset price (S

the present time and in the future, due to such land’s location adjacent to the Head Office of the Company; and for this reason, the Company then absolutely needed to purchase such land. In addition

follows: 1. Approved the purchase of vacant land of 24 – 2 – 24.6 rai, which is the plot of land adjacent to the Company's current plot of land, totaling Baht 85.97 million or equivalent to Baht 3.5 million

maintained. CW Tower is high potential location for business and has comparable rental fees with buildings within the adjacent area. Therefore, the transaction is considered appropriate and is beneficial to

and David Dodd in 1934 • Finding price-intrinsic value discrepancies in the market • Various price-based ratios and future stock returns ⋄ Earnings-to-price ratio (Basu, 1977) ⋄ Dividend-to-price ratio

consideration value is from negotiation and agreement between the Parties by using the rental rate equal to the contract that leases adjacent areas and close to the rental rate in Bangpoo Industrial Estate area

intrinsic value of the assets and business based on historical and potential earnings and cash flow of the business. It has been valued by a range of valuation methods including relative valuation as

increase in number of staff at the present time and in the future, as such land is adjacent to the location of the Head Office of the Company. For this reason, the Company then absolutely needs to purchase