Advanced Connection Corporation Public Company Limited Postpones Capital Increase Share Offering

Strategic Insights -

Advanced Connection Corporation Public Company Limited (the Company) has informed The Stock Exchange of Thailand (SET) of a significant development in their capital increase share offering plan. Due to the current economic uncertainty, exacerbated by the US-China tax war and volatility in the stock market, the Company has announced that it will postpone the subscription offering of newly-issued ordinary shares to existing shareholders. This decision comes after a thorough evaluation of the current market conditions and the potential risks associated with proceeding as initially planned.

Key Takeaways:

  • The Company has informed the SET that it will postpone the subscription offering of newly-issued ordinary shares to existing shareholders, citing uncertainty in domestic economic conditions and high-risk factors including the US-China tax war.
  • The subscription offering was initially planned for existing shareholders in proportion to their shareholdings within June 2025.
  • The Company will proceed in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 39/2559 Re: Applications for and Approval of the Offering for Sale of Newly Issued Shares (Codified Version).
  • The Company must complete the offering period within 6 months, with the final deadline being 8 May 2025.
  • The source document from the SET can be viewed at https://www.set.or.th/en/home.

Statistics:

  • The Company's share prices have been significantly affected by the current market volatility.
  • The US-China tax war is one of the high-risk factors cited by the Company as contributing to the decision to postpone the share offering.
  • The capital increase newly-issued ordinary shares were initially planned to be offered to existing shareholders by June 2025.
  • The Company must complete the offering period within 6 months, with the final deadline being 8 May 2025.
  • The Company's revenue and financial performance may be impacted by the postponement of the capital increase share offering.

Sources:

  • Set announcement (no source date provided): Referring to Advanced Connection Corporation Public Company Limited (the "Company") informed the notification to The Stock Exchange of Thailand ("SET")...