On 8 November 2023, JKN filed a petition for business rehabilitation with the Central Bankruptcy Court. The Court issued an order accepting the rehabilitation petition on the following day, resulting
Department after the Central Bankruptcy Court had ordered POLAR to be placed under absolute receivership. The receiver then decided that the five directors were no longer qualified as company directors
26.80 million. OLD Policy on allowance for obsolete inventories Considering inventories that are 5 years or older and considering the inventories. The net realizable value is the amount for which an asset
were: Cost of goods sold was Baht 15.21 million, increasing of 130.8% due to lots of new book titles book published and increased in numbers of provision of obsolete stocks. Selling and
million, increased by 3.2% mainly due to writing off the obsolete finished goods. As a result, the company reported net loss of Baht 8.1 million compared with a profit of Baht 6.6 million in the same
to Baht 34.47 million. The Company has changed its policy on allowance for diminution in value of deteriorated and moving products as follows: OLD Policy on allowance for obsolete inventories
financial officer, failed to report to the Stock Exchange of Thailand (SET) and the SEC that the company had been filed for bankruptcy by its creditors on 8 May 2017 and later became under the Court's
On 10 January 2024, the Central Bankruptcy Court ordered the business rehabilitation of ACAP and designated the company as the plan administrator. Pursuant to the Bankruptcy Act B.E. 2483 (1940
On 10 January 2024, the Central Bankruptcy Court ordered the business rehabilitation of ACAP and designated the company as the plan administrator. Pursuant to the Bankruptcy Act B.E. 2483 (1940
managing the assets possessed by the intermediary under receivership in accordance with the Bankruptcy Law . Clause 5 In proceeding with the actions under Clause 4(1), the official receiver shall render