The Stock Exchange of Thailand

Date/Time

02 Sep 2021 08:34:00

Headline

SET notifies procedures for PACE as the company is subject to possible delisting due to performance or financial positions (NC Stage 2)

Symbol

PACE

Source

SET

Full Detailed News

                The Stock Exchange of Thailand (SET) provides procedures and guidelines for 
actions against the listed company facing possible delisting due to performance
or financial positions to undertake rehabilitation for 2 periods as follows: 1)
3 years for elimination of the causes of delisting and SET will publicly
announce the name of the company every year and 2) 2 years for the repossession
of the required qualifications in order to resume trading (Resume Stage) if the
listed company is able to eliminate the causes of delisting. However, if the
listed company is unable to eliminate the causes of delisting or repossess the
qualifications in order to resume trading within the specified periods, SET will
 consider delisting the listed company's securities accordingly.

Currently, Pace Development Corporation Public Company Limited (PACE) is still 
unable to eliminate the cause of possible delisting. Therefore, SET will
announce that PACE is subject to NC Stage 2 from September 2, 2021.
Additionally, PACE must proceed in accordance with specified regulations as
mentioned above.
______________________________________________________________________

News Detail