literature has mostly disregarded the potential significance of corporate culture. This is particularly striking three decades after the revolution of the "incomplete contract" (Grossman and Hart, 1986; Guiso
shall be offered to existing shareholders proportionate to their shareholding (Right Offering) at an offering ratio of 2.5 existing shares to 1 new ordinary share (a fraction of share shall be disregarded
share shall be disregarded) at an offering price of Baht 5 per share, totaling Baht 494,079,200. Details of the increase in the Company’s registered capital including allotment of new ordinary shares are
share as a result of calculation shall be disregarded. 2. The Company shall issue warrants to purchase ordinary share as follows: 2.1 Warrants to purchase ordinary shares of the Company No.3 (“JMART-W3
existing shares to 1 newly issued ordinary share, at the offering price of Baht 10.00 per share. In the event that there is any fraction of shares, the fraction shall be disregarded, and in the case where
fraction shall be disregarded, and in the case where there are shares unsubscribed from the first round of allocation, the Company will re-allocate those unsubscribed shares to the shareholder who wishes to
offering price of Baht 10.00 per share. In the event that there is any fraction of shares, the fraction shall be disregarded, and in the case where there are shares unsubscribed from the first round of
warrant 1.01 ordinary share: 1 warrant Remark: - All fraction of adjusted Exercise Price multiplied by number of ordinary share calculated from Exercise Ratio shall be disregarded. - All fraction of number