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NCL International Logistics Postpones Subscription and Payment Date Due to Economic Conditions

Strategic Insights

— 2 min read

NCL International Logistics Public Company Limited has announced a postponement of the subscription and payment date for newly issued ordinary shares due to current economic conditions. The revised timeline is expected to be around March 2026. This decision is in accordance with the Notification of the Capital Market Supervisory Board No. Tor Jor. 28/2565, which requires the Company to complete the offering of shares within the period approved by the shareholders' meeting.

Key Takeaways:

  • NCL International Logistics has postponed the subscription and payment date for newly issued ordinary shares due to current economic conditions.
  • The revised timeline is expected to be around March 2026.
  • The Company must complete the offering of shares within the period approved by the shareholders' meeting, which must not exceed 3 months from the date of the resolution to offer shares through Private Placement.
  • However, in cases where the shareholders' meeting has explicitly resolved to authorize the Board of Directors to determine the offering price based on the market price after the 3-month period, the offering may be completed within 12 months from the date of such resolution.
  • The Board of Directors or any person authorized by the Board may determine the offering price based on the market price or at a price not lower than 90% of the market price during the offering period.
  • The Company will provide further updates on the progress accordingly.
  • The postponement does not affect the Company's operating cash flow or its ability to service debt obligations.
  • The Company continues to maintain sufficient working capital from its logistics operations, non-logistics businesses, as well as loans from the Company's directors.

Statistics:

  • The revised subscription and payment date is expected to be around March 2026.
  • The Company must complete the offering of shares within 3 months from the date of the resolution to offer shares through Private Placement.
  • In cases where the shareholders' meeting has explicitly resolved to authorize the Board of Directors to determine the offering price based on the market price after the 3-month period, the offering may be completed within 12 months from the date of such resolution.
  • The Board of Directors or any person authorized by the Board may determine the offering price based on the market price or at a price not lower than 90% of the market price during the offering period.

Sources:

  • Notification of the Capital Market Supervisory Board No. Tor Jor. 28/2565
  • Company announcement dated July 4, 2025, reference No. NCL-M 15/68
  • Stock Exchange of Thailand (SET) home page
  • https://www.set.or.th/en/home

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