The Securities and Exchange Commission (SEC) has called on bondholders of Phuket Fantachi Public Company Limited (PHUKET) to actively participate in a meeting of bondholders and ask questions about the issuer or bondholders’ representatives. The SEC emphasizes the importance of obtaining complete and sufficient information for decision-making.
PHUKET, as the debenture issuer, has announced that the bondholders’ meeting No. 1/2023 will take place on June 26, 2023, at 10:00 a.m. The meeting will be held at the meeting room of Aviarie Safari World Restaurant, located at No. 99 Panya Inthra Road, Sam Wa Tawan Tok Subdistrict, Khlong Sam Wa District, Bangkok. Dao Securities (Thailand) Public Company Limited will act as the representative of debenture holders in all six series.
The agendas for consideration at the meeting are as follows:
1. Agenda 1: To consider and approve the waiver of the Company’s inability to comply with the terms and conditions on maintaining the ratio of debt to equity at the end of the fiscal year, which shall not be regarded as an event of default under the terms and conditions.
2. Agenda 2: To consider and approve the amendment of the conditions for interest payment of bonds as approved by the bondholders’ meeting No. 1/2022.
3. Agenda 3: To consider and approve the amendment of the conditions for repayment of the bond principal as approved by the bondholders’ meeting No. 1/2022.
In light of these agendas, the SEC has issued guidelines for the performance of duties of debenture holder representatives. The SEC urges bondholders’ representatives to carefully analyze the advantages, disadvantages, benefits, and impacts that the bondholders will receive from the approval or non-approval of each agenda. The SEC emphasizes the importance of bondholders studying the information provided and exercising their rights to protect their own interests. Bondholders are also encouraged to seek information from the debenture holder representative to ensure they have complete information for making informed decisions during the bondholder meeting.
The SEC’s call for bondholders to actively participate in the meeting and exercise their rights highlights the importance of transparency and informed decision-making in the bond market. By actively engaging in the meeting and seeking necessary information, bondholders can ensure their interests are protected and contribute to the overall integrity of the market.
How can actively participating in the bondholders’ meeting benefit bondholders in terms of gaining insights and addressing any concerns they may have
Huket Road, Phuket. Bondholders are encouraged to attend the meeting and engage in open dialogue with the issuer and their representatives.
The SEC is actively urging bondholders to take advantage of this opportunity to gain a comprehensive understanding of the issuer’s financial situation, as well as the rights and benefits that accompany their bondholding. By actively participating in the meeting and asking pertinent questions, bondholders can ensure they have all the necessary information to make informed decisions.
The SEC highlights the significance of acquiring complete and sufficient information, emphasizing that this is essential for decision-making purposes. By actively participating in the meeting, bondholders can clarify any doubts or concerns they may have about the issuer or the representation of fellow bondholders.
Furthermore, PHUKET, as the debenture issuer, has confirmed the date and location of the bondholders’ meeting, which will be held on June 26, 2023, at 10:00 a.m. The meeting will take place at the Aviarie Safari World Restaurant, located at No. 99 Phuket Road, Phuket. This provides bondholders with a clear timeline and venue for the meeting.
Bondholders are strongly encouraged to mark their calendars and make the necessary arrangements to attend the meeting. This will allow them to actively participate in discussions, gain insights, and ensure their voices are heard.
In conclusion, the SEC is urging bondholders of PHUKET to actively participate in the upcoming bondholders’ meeting. By doing so, they can obtain complete and sufficient information, ask questions, and engage in meaningful dialogue with the issuer and their representatives. This will enable bondholders to make informed decisions and protect their interests as stakeholders.
This article provides valuable information on the recent bondholders meeting of Phuket Fantachi Public Company Limited (PHUKET) and the relevant SEC guidelines for decision-making. It highlights the importance of transparency and ensuring the best interests of all stakeholders.
This article provides insight into Phuket Fantachi Public Company Limited’s recent bondholders meeting and the Securities and Exchange Commission’s guidelines for decision-making. It highlights the importance of adhering to regulatory requirements and ensuring bondholders’ interests are safeguarded.