Date/Time 19 เม.ย. 2566 08:32:00

Headline

Notification of procedures for IFEC as the performance or financial position fits the criteria for possible delisting (NC Stage 3)

Symbol IFEC
Source SET
As Inter Far East Energy Corporation Public Company Limited (IFEC) is the company which performance or financial position fits the criteria for possible delisting for 2nd year (NC Stage 2) and still could not eliminate the cause of possible delisting. Therefore, SET will announce that IFEC is subject to NC Stage 3, effective from April 19, 2023 onwards. Additionally, IFEC must proceed in accordance with specified rules. * Furthermore, IFEC is also subject to another cause of possible delisting. The timeline for IFEC to eliminate all causes of delisting and to repossess the qualifications in order to resume trading within specified period for each cause is summarized as follows. - As the auditor issues a disclaimer opinion on the financial statements for 3 consecutive years: The company must repossess the qualifications in order to resume trading within January 6, 2024. - As the company's equity is negative: The company must eliminate the ground for delisting within April 18, 2024. .................................................................... * Procedures for actions against listed companies whose performance or financial position fits the criteria for possible delisting divide the period for rehabilitation into 2 parts as follows : (1) 3 years for the elimination of the causes for delisting and the SET will announce the name of the company every year (2) 2 years for the repossession of required qualifications in order to resume trading (Resume Stage) if the listed company can eliminate the causes of possible delisting according to (1). If the listed company cannot eliminate the causes of delisting or repossess the required qualifications in order to resume trading within the specified period, the SET will consider delisting the company's securities accordingly. ______________________________________________________________________