News Detail

18 Mar 2020 17:23:00
Cancellation of increase of the registered capital, cancellation of Whitewash, cancellation of connected transaction and the revised agenda of Annual General Meeting of Shareholders No. 36/2020
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                Schedule of Shareholders' meeting

Subject                                  : Schedule of Annual General Meeting of
Date of Board resolution                 : 21-Feb-2020
Shareholder's meeting date               : 24-Apr-2020
Beginning time of meeting (h:mm)         : 15 : 00
Record date for the right to attend the  : 06-Mar-2020
Ex-meeting date                          : 05-Mar-2020
Significant agenda item (Update)         :
  - Cash dividend payment
  - Issuance of debentures
- Reduction of the registered capital
Venue of the meeting                     : The Grand Hall Meeting Room of 
Bangkok Club, 28th Floor, Sathorn City Tower

Dividend payment / Omitted dividend payment

Subject                                  : Cash dividend payment
Date of Board resolution                 : 21-Feb-2020
Type of dividend payment                 : Cash dividend payment
Record date for the right to receive     : 06-Mar-2020
Ex-dividend date                         : 05-Mar-2020
Payment for                              : Common shareholders
Cash dividend payment (baht per share)   : 1.72
Par value (baht)                         : 5.00
Payment date                             : 13-May-2020
Paid from                                :
    Operating period from 01-Jan-2019 to 31-Dec-2019  and retained Earnings

Increasing Capital

Status                                   : Canceled
Reason                                   :
Due to the current economic situation which is slowing down and the uncertainty 
and worry of the Covid-19 that has occurred both in Thailand and around the
world, which has a severe impact on the stock market dropped more than 300
points during the past 2 weeks and continuously affect the price of the
company's shares. The stock market fluctuates unpredictably and there is no
clear trend when the said condition will be ended. The Board of Directors
therefore considered and agreed to cancel the resolutions regarding capital
increase, the issuance and offer for sale of the Company's newly increased
ordinary shares, the waiver from mandatory tender offer by using the resolution
of shareholders' meeting (Whitewash), and the entering into transaction with a
connected person.
In this regards, the Company will use other sources of fund such as loans from 
bank and debentures as working capital for the automobile hire purchase business
to substitute the proceeds received from the capital increase of approximately
Baht 2,345 million. This cancellation of capital increase does not affect the
company's operations. The company will consider capital increase again once the
capital markets situation is more conducive.

Subject                                  : Specifying  the purpose of utilizing 
Date of Board resolution                 : 21-Feb-2020
Number of additional common shares       : 117,298,546
Total of additional shares (shares)      : 117,298,546
Par value (baht per share)               : 5.00
Type of allocated securities             : Common shares
  Allocated to                           : Common shares's shareholders
     Number of allotted shares (shares)  : 117,298,546
     Ratio (Old : New)                   : 3 : 1
     Subscription price (baht per share) : 20.00
    Subscription period                  : From 25-May-2020 to 29-May-2020
    Record date for the right to         : 05-May-2020
subscribe additional shares
    Ex-Rights Date (XR)                  : 30-Apr-2020

Connected transaction

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