According to referrals from the Stock Exchange of Thailand (SET) and the SEC’s further investigation, there were facts and evidence leading to believe that the actions of the three persons above
the Stock Exchange, it was, therefore, necessary for GSTEL to receive the financial assistance from the Mahachai Group. Accordingly, the transaction was considered a connected transaction, as at
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GSC had applied the proceeds from the offer of sale of ordinary shares to the public (IPO) and its revolving capital in a loan to ACAP, its major shareholder (64%) for a short term at the interest rate of 2% per annum as follows: 1. A loan by the disbursement of advance payments in the amount of THB 80 million, whereby GSC has received the principal repayment and will collect payment of interest, and 2. investing in five short-term promissory notes (P/N) of ACAP, for a term of 60 days, or on de...
To render assistance and alleviate the impact of the COVID-19 situation on employees and employers, SEC, with AIMC’s suggestion, has proposed for the Ministry of Finance to consider granting a
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