Advanced Connection Corporation Public Company Limited Extends Subscription and Payment Period for Newly-Issued Ordinary Shares

Strategic Insights -

Advanced Connection Corporation Public Company Limited, a listed company on the Stock Exchange of Thailand, has announced the revision of the subscription and payment period for its newly-issued ordinary shares offer to existing shareholders. The company has extended the subscription period from 12 business days to 6 business days, citing the volatility of the stock market as the reason. The revised subscription period is from December 9-17, 2024, and the company intends to end the subscription process in the week before the last week of 2024. Shareholders who are unable to make a reservation and pay for the newly-issued ordinary shares in this round will be able to do so in the next round, which is expected to open in June 2025.

Key Takeaways:

  • The Stock Exchange of Thailand has approved the revision of the subscription and payment period for Advanced Connection Corporation Public Company Limited's newly-issued ordinary shares offer.
  • The revised subscription period is from December 9-17, 2024, and is 6 business days shorter than the original period.
  • The company plans to end the subscription process for newly-issued ordinary shares in the week before the last week of 2024 due to stock market volatility.
  • Shareholders who are unable to make a reservation and pay for the newly-issued ordinary shares in this round will be able to do so in the next round, expected to open in June 2025.
  • The company has set the original subscription date for 5 business days, from December 9-16, 2024, to allow shareholders sufficient time to make a decision.
  • The subscription and payment period extension is in accordance with the resolution of the Executive Board Meeting No. 29/2024, held on December 16, 2024.

Statistics:

  • The revised subscription period spans 6 business days (December 9-17, 2024).
  • The original subscription period was 12 business days (December 9-25, 2024).
  • The company plans to extend the subscription period for the remaining common shares in June 2025.
  • The company has set aside 5 business days (December 9-16, 2024) for the original subscription and payment period.

Sources:

  • Advanced Connection Corporation Public Company Limited (Referring to The Stock Exchange of Thailand)
  • The Stock Exchange of Thailand (Home Page)