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
the Bankruptcy Law which has been approved by the court, the approved company shall be exempted from the requirements in relation to the resolutions of the shareholders' meeting. In this regard, the
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
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
notified the Stock Exchange of Thailand (SET) that it had submitted an application for business rehabilitation to the Central Bankruptcy Court, declaring a confirmed amount of liabilities at 5.71 billion
debt securities, investors will be more exposed to credit risk of the branches than that of the foreign banks due to limitations of law on bankruptcy. Thus, the SEC revises disclosure of the foreign
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