06 Jun 2018 08:21:00
The SET removes cause of possible delisting of NFC's securities and resumes its trading on "SET" from 15 June 2018 onwards.
Removal of causes of possible delisting Subject : Removal of causes of possible delisting Company name : NFC PUBLIC COMPANY LIMITED (NFC) Sign lifted : SP Reason : The company is able to comply with SET regulations Secondary market : SET Industry : Industrials Sector : Petrochemicals & Chemicals Trading date after removes causes of : 15-Jun-2018 possible delisting Business description : The company operates as the importer and distributor of ammonia, ammonium hydroxide and sulfuric acid and also the service provider of warehouse, logistic and port. Remarks : The Stock Exchange of Thailand (SET) removes cause of possible delisting of the securities of NFC Public Company Limited (NFC) by lifting SP sign and resumes its trading on SET under Industrials Industry in Petrochemicals & Chemicals Sector from 15 June 2018 onwards. The Stock Exchange of Thailand (SET) announced that NFC Public Company Limited (NFC) has been subject to the possible delisting from 6 June 2003 onwards due to the company's financial statements for the year 2002 showed a minus shareholders' equity and the auditor did not express an opinion for 3 consecutive years. NFC has presently requested SET for approval to remove the causes of possible delisting and resume its securities to be traded on SET. The company has completely improved its financial status and performance as follows: - NFC operates as the importer and distributor of ammonia, ammonium hydroxide and sulfuric acid and also the service provider of warehouse, logistic and port. - NFC has net profit from its core business in the present year prior to applying to resume trading on SET which is considered from its financial statement for the year 2017 and the three months period ending 31 March 2018 equal to THB 92 million and THB 18 million respectively. The shareholders' equity as of 31 March 2018 is equal to THB 986 million. Moreover, NFC demonstrates that the company's financial position and performance are fairly strong as ongoing basis of its business. - NFC's a strategic shareholder, holding NFC's ordinary share totaling 598,308,181 shares (55% of its paid-up capital) has certified to SET that he will be prohibited his securities for 1 year from the first trading date (silent period). However, he will be allowed to trade 25% of all shares that are subject to the prohibition of sale after 6 months from the first trading date. SET has considered that NFC has completed the qualification in compliance with the procedure and guidelines for removal from being delisted. Therefore, SET removes the causes of possible delisting of NFC's securities by lifting "SP" (Suspension) sign and resumes its securities trading under Industrials Industry in Petrochemicals & Chemicals Sector from 15 June 2018 onwards. In addition, the latest price of securities might not reflect the securities' actual value at the present. SET requires the shareholders and investors to study the company's information from NFC's Information Memorandum through SET's disclosure system. In addition, according to Clause 29 (1) and (3) of the Regulations of the Stock Exchange of Thailand Re: Trading, Clearing and Settlement of Securities in the Exchange B.E. 2555 (2012), there will be no ceiling & floor price for NFC on 15 June 2018. ______________________________________________________________________