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 six-month period ended 30 June 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 investments amounting to Baht 13.84 million was recognized in the equity in the separate statements of the financial position as at 30 June 2015.
As at 18 June 2015 the Company sold of the right to development in Hongsa Power Company Limited to such subsidiary. The gain on disposal of intangible asset was recognized in the statement of comprehensive income for the three-month and six-month periods ended 30 June 2015 in amounting to Baht 2.49 million.