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...
GSTEL will propose to the shareholders’ meeting on 29 May 2019 to ratify the entering into a financial assistance agreement with Mahachai Steel Center Co., Ltd. and Mr. Nirum Ngamchamnanrith, collectively referred to as the “Mahachai Group”, as the sponsor and lender whereby GSTEL had entered into the agreement on 17 February 2014. According to the opinion of the independent financial advisor (IFA), the shareholders should not ratify this transaction because the agreement contains a co...
EIC plans to seek approval of the shareholders at the Extraordinary General Meeting of Shareholders on Tuesday, 9 July 2019, for Food Holding Co., Ltd., its subsidiary, to acquire 100% of the ordinary shares of Eastern Cuisine, which operates eight Shabu restaurants branded “KAGONOYA”, at the price of THB 40.54 per share, amounting to THB 300 million, whereby one of the sellers of the shares to Food Holding Co., Ltd. is a spouse of a director and an executive of EIC.The independent finan...
encouraged to develop the provident funds up to international standard. We motivate institutional investors, including the provident funds, to invest responsibly, considers the benefits of the community, the
with the government to advance the course of development, and businesses are encouraged to invest in community, technology, innovation and finance sustainably.” Dr. Kobsak Pootrakool, Deputy
importance of preventive measures against frauds. In addition, the involved parties were encouraged to use the existing mechanisms and tools effectively to support their duty performance. Such efforts in good
interest of our members. Principle 3: Oversee asset managers to make informed investment decisions and engage in active ongoing monitoring of investee companies. Investment decisions should take into account
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stewardship responsibilities on behalf of its clients. Following the publication in 2011 of the Stewardship Supplement to Technical Release AAF 01/06, asset managers are encouraged to have the policies
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