Please be advised that if PJT has not utilized the entire amount of its paid up capital (Baht 740 million) for its existing businesses, e.g. electricity production and waste management disposal businesses, and the remaining unused paid up covers the entire amount of minimum capital required under the FBL for proving guarantee, PJT would not be required to increase its paid up capital. On the contrary, if all of such capital has been utilized for its existing businesses, PJT would not have any capital left. Accordingly, PJT would have to increase its paid up capital.
We understand that the 3-year projection is acceptable to you and you have no further comment. We will send Thai application documents to Khun Pimporn and Khun Panitha for execution arrangement. Once we have received the executed documents, we will submit them to the MOC.
Best regards,
Please be advised that if PJT has not utilized the entire amount of its paid up capital (Baht 740 million) for its existing businesses, e.g. electricity production and waste management disposal businesses, and the remaining unused paid up covers the entire amount of minimum capital required under the FBL for proving guarantee, PJT would not be required to increase its paid up capital. On the contrary, if all of such capital has been utilized for its existing businesses, PJT would not have any capital left. Accordingly, PJT would have to increase its paid up capital. We understand that the 3-year projection is acceptable to you and you have no further comment. We will send Thai application documents to Khun Pimporn and Khun Panitha for execution arrangement. Once we have received the executed documents, we will submit them to the MOC.Best regards,
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