STARK debenture holders' representatives canceled the meeting on June 23, 2023.
According to the Securities and Exchange Commission (SEC) has released the news earlier. Ask the debenture holders of Stark Corporation Public Company Limited (STARK) in the amount of 3 series as follows. 3/2023 on June 23, 2023
(1) Debentures No. 1/2022 Series 2 due in 2024 (STARK245A) with Kasikorn Bank Co., Ltd. Public Company Limited as the bondholders' representative
(2) Debentures No. 1/2022 Series 3 Due 2025 (STARK255A) with Kasikorn Bank Public Company Limited as the bondholders' representative (3
) ) Debentures No. 2/2022 Due 2024 (STARK242A) with Asia Plus Securities Co., Ltd. as the debenture holders' representative
Later, news appeared on the Thai Bond Market Association's website that Kasikorn Bank Public Company Limited and Asia Plus Securities Company Limited, as representatives of STARK's debenture holders, have announced the cancellation of the bondholders' meeting No. 3/2023 on June 23, 2023 for all 3 series of debentures as On June 20, 2023, the debenture holders' representative sent a letter to STARK requesting that all principal and outstanding debentures be repaid immediately (call default), based on the default because the debenture issuer defaulted more than 100%. 3.00 of the debenture issuer's equity, calculated from the 2022 consolidated financial statements
For more information, please contact two debenture holder representatives. and the SEC Public Service Center, call 1207 press 9
Source: Thai News Agency