Page 184 - E-BOOK
P. 184
Transaction value (million baht)
Related person/ Relationship Transaction Year ending as of Year ending as of Necessity and Rationale Opinions of the audit
juristic person 31 Dec 2019 31 Dec 2020 committee
1. Financial Institution • The Company has the Financial Institution 1.1 Fee-related transaction It is subject to conditions identified in • Such transaction is subject to conditions
Development Fund Development Fund (Development Fund) as • The fee for Application regarding an Offer 14.1 - the financial advisor and securities identified in the advisor service
a major shareholder. The Development for Sale of Newly Issued Securities distributor contract with best efforts contract in the past (2013)
Fund holds 45.8% shares in the company for issuing and offering securities to • The audit committee considered
for as of 30 September 2020 public, and registering the company’s seeing that such transaction was
securities in the Stock Exchange of suitable and reasonable.
Thailand on 4 July 2013 (“Advisor
contract”). The Company agrees to
182 | Annual Report 2020 be responsible for fees showing
information of securities offerings,
payable to the Office of Securities and
Exchange Commission for information
presentation form in the Development
Fund. The payment was made on 22
November 2019 for 14,067,825.00 Baht
2. Krungthai Bank Public • The company and Krungthai Bank Public 2.1 Short term loans-related transaction • As of 31 December 2020, the company • Such transaction was financially
Company Limited Company Limited have a common major • Issued bond and loan had short-term loans with Krungthai aided by the Company with interest
shareholder which is the Financial Institution - Beginning - - Bank Public Company Limited for rate and general loan conditions as
Development Fund (Development Fund). - Increase 5,500.0 3,750.0 500.0 million Baht to manage the if it was borrowing from another
As of 31 December 2020, the Development - Decrease (5,500.0) (3,750.0) liquidity of the Company. Such financial institution, which is not
Fund holds 45.8%, shares in the Company - End - - loan’s interest is at the money a related person.
and holds shares of Krungthai Bank Public • Interest payable 4.5 4.6 market rate • The audit committee considered it
company Limited at 55.1% and realized that such transaction
was suitable and reasonable.
2.2 Debenture-related transaction • The company offered debentures to • Such a transaction was a financial aid
• Debenture institutional investors and/or High program of the Company. The offer
- Beginning 546.0 229.6 Net Worth Investors to manage price and interest rate of debentures
- Increase 244.6 1,725.0 liquidity of the company. They were were the same offer price and interest
- Decrease (561.0) (861.6) non-subordinated debentures with rate as the Company offered to
- End 229.6 1,093.0 identification of the holders’ name, other subscribers who were third
• Interest payable 11.4 22.2 without security, an agent for the parties.
• Accrued interest 1.6 0.3 debenture holders. The debenture • The audit committee considered it
issuer had rights to redeem the and realized that such transaction
debentures before due (depending was suitable and reasonable.
on type of debenture)
