The Stock Exchange of Thailand has announced that three companies Sahaviriya Steel Industries Public Company Limited (SSI), PAE (Thailand) Public Company Limited and Rich Asia Corporation Public Company Limited (Rich Asia) will be delisted if they do not eliminate the grounds for their being delisted within a specified period, according to the official statement.
SSI, one of the major flat steel producers in Thailand, will need to have prepared all necessary documents by February 24, while Rich Asia, a trading company for steel products in Thailand and also a manufacturer of pipes, will need to have prepared the necessary documents by March 9.
The deadline for PAE (Thailand) Public Company Limited, a construction equipment and service provider, is March 8 or “the day that the Bankruptcy Court has an order of rehabilitation plan disapproval,” according to the Stock Exchange of Thailand’s report.
