sufficient funds to operate its business and had to cease the production of hot rolled coil, which further resulted in the Company’s liquidity problem and inability to repay a large amount of debt. Through the
Company’s liquidity problem and inability to repay a large amount of debt. Through the years, the Company engaged in several debt restructurings, as in 2010, where the Company entered into an agreement for
and unemployment problem as improve from the government measure, such as ameliorate cost of living. In particular, the adjustment to the minimum wage in past. As a result in the year 2018, the Group has
Company to sign a Share Subscription Agreement (the “SSA”) with VAVA PACK Company Limited ("VAVA"). By the SSA, the Company agrees to propose to the shareholders' meeting to issue new ordinary shares not
current status of the conditions precedent as per the information of the acquisition of assets of the Company as follows : Conditions precedent Current status 1) The Company must issue warrant and offer to
99.57 million become overdue. Due to liquidity problem and receiving notices demanding for payment from major creditors, thus to prevent bankruptcy situation, GSTEL had submitted the petition requesting
cannot establish large building because of environment problem and others from government, this contract will be cancelled and the seller will return deposit or deposit with interest at commercial bank
the company faced the problem of the fluctuation of raw material cost but it slightly impacted on the cost of goods sold. Since the company has strictly controlled and managed the inventories very well
the debt problem of the Company. The disposal of Land at Bueng Kham Proi will result that Modern Street will be able to lend money to the Company in order to increase liquidity of the Company. 7) Plan