News Detail

Date/Time
25 Jun 2020 08:51:00
Headline
SET advises investors carefully study ACAP's event of defaults information before making investment decision
Symbol
ACAP
Source
mai
Full Detailed News
Download Full Detailed News
                Investor Alert News

An important information that shareholders and public investors should concern 
before making any voting or investing decisions.
______________________________________________________________________

Information analysis

Subject                                  : Reminding investors to analyze 
Information
Security Symbol
  - ASIA CAPITAL GROUP PUBLIC COMPANY LIMITED (ACAP)
Description                              :
As ASIA CAPITAL GROUP PUBLIC COMPANY LIMITED (ACAP) disclosed information about 
the event of defaults, guidance for problem solving and impact on financial
status as follows.
1.    ACAP defaulted on the repayment of both debentures on due date and debentures
under bondholders' meeting resolution requiring immediate redemption in the
total amount of 689.40 million baht represents 18% of the company's total assets
 as at 31 March 2020.
2.    The said failure in No.1 resulted in a cross default involving other debts 
totaling to 1,885.98 million baht which is equivalent to 49% of the company's
total assets.
3.    ACAP will expedite to sale its properties and finds source of fund to repay 
to bondholders. On the basis of the company's financial status, the company's
assets are greater than its liabilities which is still sufficient to cover
debts.
(Details as shown on ACAP's News on 24 June 2020.)

Therefore, SET advises investors carefully study the mentioned information 
before making investment decision.
______________________________________________________________________