Bangkok: The Stock Exchange of Thailand (SET) has issued a warning to three listed companies regarding the risk of delisting, following the revelation that their 2025 financial statements show negative shareholders' equity. The companies are now required to address this issue, with their securities marked with an NC (Non-Confirmation) symbol and remaining under SP (Suspension) from March 10, 2026.
According to Thai News Agency, the companies in question are TSR Living Solutions Public Company Limited (TSR), TTCL Public Company Limited, and WSOL Public Company Limited (WSOL). The financial statements indicate that TSR has negative equity of 172 million baht, TTCL faces a deficit of 3,874 million baht, and WSOL's negative equity amounts to 4,825 million baht. These figures place them under potential delisting, adhering to the SET's 2021 regulations concerning the delisting of securities.
The Stock Exchange of Thailand has mandated that these companies disclose their plans to rectify their negative equity situations by April 10, 2026. TSR and WSOL must provide detailed solutions, including any business rehabilitation plans, to shareholders and the general public. TTCL, meanwhile, is not only filing for business rehabilitation under bankruptcy law but is also considering alternative measures to address its financial issues and must also disclose these to its stakeholders by the same deadline.
Once the companies have disclosed their action plans, SET will temporarily allow trading of their securities for a month. Following this, if the issues remain unresolved, trading will again be suspended until they meet the necessary conditions to resume normal trading activities.
The Stock Exchange of Thailand has further instructed the companies to resolve the negative equity situation within three years from March 10, 2026. Failure to address these concerns within this timeframe could result in the delisting of their securities.
Investors and shareholders are advised to scrutinize the financial health of TSR, TTCL, and WSOL and stay informed on their operational updates.