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...
sectors, in particular tourism, manufacturing and exports. The situation eroded confidence of investors, leading to increased anxiety about a new round of economic crisis which prompted them to sell off
, the SEC urged short-term debt issuers to secure a reserve fund to prevent liquidity issues. In this particular case, the company must clarify information to investors to prevent damage to the overall
Bangkok, April 18, 2014 ? The SEC urged shareholders of GOLD and UV to carefully study information on valuation of GOLD?s assets in a proposed related party transaction at the upcoming shareholders
for sustainable development. Regulated bodies were also encouraged to participate in the Collective Action Coalition (CAC) of private sector in fighting against corruption. Amidst global economic
Goal 4: Preserve market fairness and transparency, understand industry and be a firm and fair regulator During 2003, deposit interest rates dipped to a very low level, which prompted the public to find
Annan urged businesses to adopt Good Global Citizenship and announced the UN Global Compact as a framework for Sustainable Development of business enterprises. In the following year, the