News Detail

Date/Time
06 Jun 2018 08:21:00
Headline
The SET removes cause of possible delisting of NFC's securities and resumes its trading on "SET" from 15 June 2018 onwards.
Symbol
NFC
Source
SET
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                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.
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