16 Nov 2015 21:07:00
To postpone for submission the 3 rd quarterly financial statement for the year 2015
-Translation- SET.024/2015 November 16, 2015 Subject: To postpone for submission the 3 rd quarterly financial statement for the year 2015 To: Managing Director The Stock Exchange of Thailand The company has a Board of Directors Meeting No. 12/2015, held on November 16, 2015 at 1st floor conference room of AQ square building at 17.00 pm. which has the list of information for the Board of Directors consideration and this information must be notified to the Stock Exchange of Thailand as follow. Actually, the securities and exchange act.1992 and improve the rule of section 56 on November 22, 2013 which defined the listed company must be submitted the quarterly financial statement to SET.within 45 days after accounting period closing. The AQ Estate Plc. is the company that is obliged the preparation and submits the financial statement for the year ended September 30, 2015 within November 16, 2015. Therefore, the auditor has preliminary comments that are unable to review the conclusion of the 3 rd quarterly financial statement 2015 due to the uncertainties that may affect ongoing operations. The Board of Directors have the opinion with these uncertainty and notice that the company will slow down the investment plan in various projects which are under processing due to the financial institute slow down to support loan until there is the clarity to solve these problems for Krung Thai Bank Public Company Limited completely, this will make the value of many projects in the future that decreased significantly. The Board of Directors has the resolution to the management for estimation the value of property in the project that will be affected within 60 days. In order to prevent the investor confusion or impact on the purchase price of securities which distort the actual condition or basis facts of the uncertainty financial status and operation result, the company is necessary to postpone for submission these financial statements to 60 days When the company will process these issues completely, it will carry on submit the 3 rd quarterly financial statement to SET. Yours Sincerely, (Mr. Suthisak Vageepiyanantanon) (Mr. Pop Petsuwan) Director Director ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.