Chayo Public: Progress on Disposition of Debtor’s Guarantees through Judicial Enforcement Department (Material Transaction)

Chayo Group Public Company Limited

44/499-504 Phahonyothin Rd, Khwaeng Anusawari, Khet Bang Khen, BKK. 10220

(Translation)

CGC 044/2022

July 26, 2022

Matter: Advancement of liquidation of debtor’s securities through the Judicial Enforcement Department (significant transaction)

TO: President

The Stock Exchange of Thailand

Chayo Group Public Company Limited would like to report the result of Debtor’s Collateral Auction (in Southern Thailand) (Material Transaction) through the Legal Enforcement Department on March 28, 2022 as follows;

Auction price

Fees estimated at

Area

by a third party

payment received

(million baht)

(million baht)

1.

Vacant land – Phang Nga

241-1-10 spokes

739.00

2.

Vacant land – Phang Nga

19-1-95 spokes

126.20

3.

Vacant land – Phang Nga

22-1-64 spokes

35.60

Total

900.80

889.45

According to disclosure by SET on July 12, 2022 on the status of the sale and the appointment of the Court today or July 26, 2022, regarding the motion to set aside the result of the auction of the ci Above March 28, 2022, the Company would like to report progress as follows;

  • On July 8, 2022, the Official Receiver filed the Motion to Object to the Cancellation of the Petitioner’s Auction Result Already.
  • Today or July 26, 2022, Chayo Asset Management Co., Ltd. also filed the motion to oppose the cancellation of the auction result as well.
  • The Court has already appointed to investigate and take the witness on November 23, 2022.

Please be informed accordingly,

Cordially,

(Mr. Kitti Tungsriwong)

Deputy General Director

Disclaimer

Chayo pcl group published this content on July 26, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on July 26, 2022 10:28:03 AM UTC.