At the Board of Directors meeting of the Company, held on 21 October 2013, the Board approved to redefine business strategy of the Group and approved to dispose the investment between the Company and subsidiaries. During the nine-month period ended 31 December 2015, the Company sold investment in joint ventures comprise Hongsa Power Company Limited and Phu Fai Mining Company Limited to RH International (Singapore) Corporation Pte. Ltd., an indirect subsidiary. The gain on disposal of those investment amounting to Baht 13.84 million was recognised in the equity in the separate statements of the financial position as at 31 December 2015.