Bangkok, June 8-The Stock Exchange of Thailand asked STARK to clarify the progress of preparing financial statements for the year 2022, the preparation of a special audit and other actions within June 13, 2023.
As Stark Corporation Public Company Limited (STARK) has clarified the operation of the company.
through the SET's information dissemination system that the company expects to be able to submit the financial statements for the year 2022 that have been reviewed by the auditor by June 16, 2023, and the company is in the process of hiring an auditor to audit. Special Audit and progress will be notified by June 15, 2023. In addition, the bondholders' meeting No. STARK239A and STARK249A has resolved not to exclude the event of default. and exercised the right to demand the company to repay the principal together with interest under the debenture immediately As a result, the Company has incurred cross default under other financial contracts which the Company is in the process of negotiating a solution with such creditors. ) and the Crime Suppression Division on Economic Crimes (Bor. Central Police Bureau, Central Investigation Bureau in order to investigate and investigate to find the perpetrators to prosecute and punish according to the law until the end
Since the issues raised by the company are important and have a wide impact on investors. SET therefore requesting the company to speed up the progress of the operation as follows by June 13, 2023
The status of preparation and the date to submit the financial statements for the year 2022, along with asking to clarify that they will be reviewed financial statements. or check version And in the event that such financial statements cannot be submitted by June 16, 2023 as the company had previously notified. Please explain the reason for the delay and the time frame for submission. Please inform the time frame that the company will submit the audited financial statements for the year 2022 and the financial statements for the 1st quarter of 2023.
2. Appointment of an auditor to perform a special audit (Special Audit) in accordance with the order of the Office of the Securities and Exchange Commission (SEC), including the status of the preparation and the deadline to bring Submit such special inspection report. which will be due within June 16, 2023
Situations and impacts on the company as a result of being called to pay off the debentures Including guidelines for repayment of outstanding debts of the company, consisting of 2 tranches of debentures in the amount of 2,241 million baht with interest which bondholders have exercised their right to immediately demand repayment of debts and various debts arising from cross default events covering 3 more tranches of debentures totaling 6,957.4 million baht, as well as creditors under other financial contracts That may exercise the right to claim all debts in the same way.
4. The Company's actions in coordinating with various agencies with legal authority to speed up the investigation and investigation to find offenders.-Thai News Agency
Source: Thai News Agency