Post by account_disabled on Dec 26, 2023 12:51:38 GMT 2
The Securities and Exchange Commission (SEC) asks UREKA shareholders to study the information and exercise their voting rights in the general meeting of shareholders. In the case that the Company's subsidiary will invest in a tap water production and distribution project with the Provincial Waterworks Authority (PWA), which the independent financial advisor is of the opinion that shareholders should not approve this due to Eureka Design Public Company Limited. (UREKA) will have a general meeting of shareholders on April 30, 2020 to request approval for its subsidiary, Eureka UU Company Limited (UU), to invest in a project to sell and produce tap water for Provincial Waterworks Authority branches. Phanat Nikhom, 2 projects, investment value 237 million baht, will source funds from.
Issuing and offering additional shares to existing shareholders and borrowing from financial institutions The Board of Directors and the Audit Committee of UREKA are of the view that investing in the Phone Number List project can generate regular income. In addition, the contracting party is a government agency with high stability. In addition, the policy to promote the Eastern Economic Corridor area has led to a trend in demand for tap water in the project area. There will be an increased rate. Such investment therefore creates a good opportunity to continue doing business in the area. However, the independent financial advisor views that Shareholders should not approve such transactions. This is because there is still uncertainty about the source of funds that will be used in the project. The sponsoring bank is still considering granting loans to the company. And the capital fund raising depends on the exercise of rights.
Subscribe for additional shares of existing shareholders, including UU has not yet signed the binding agreement. To obtain the land necessary for the project, including purchasing land to build a factory. and leasing land that is a raw water source for use in tap water production. Therefore, it is a risk that may prevent construction and performance of obligations in the water purchase agreement with the Provincial Waterworks Authority. The SEC therefore requests that shareholders study the information in detail and exercise their rights in protecting one's interests As well as asking UREKA executives about various information in order to have complete information for making decisions. In light of the outbreak of the coronavirus disease (COVID-19), the SEC encourages shareholders to consider appointing proxies. Let independent directors instead of attending the meeting in person. and submit questions in advance of the meeting date.
Issuing and offering additional shares to existing shareholders and borrowing from financial institutions The Board of Directors and the Audit Committee of UREKA are of the view that investing in the Phone Number List project can generate regular income. In addition, the contracting party is a government agency with high stability. In addition, the policy to promote the Eastern Economic Corridor area has led to a trend in demand for tap water in the project area. There will be an increased rate. Such investment therefore creates a good opportunity to continue doing business in the area. However, the independent financial advisor views that Shareholders should not approve such transactions. This is because there is still uncertainty about the source of funds that will be used in the project. The sponsoring bank is still considering granting loans to the company. And the capital fund raising depends on the exercise of rights.
Subscribe for additional shares of existing shareholders, including UU has not yet signed the binding agreement. To obtain the land necessary for the project, including purchasing land to build a factory. and leasing land that is a raw water source for use in tap water production. Therefore, it is a risk that may prevent construction and performance of obligations in the water purchase agreement with the Provincial Waterworks Authority. The SEC therefore requests that shareholders study the information in detail and exercise their rights in protecting one's interests As well as asking UREKA executives about various information in order to have complete information for making decisions. In light of the outbreak of the coronavirus disease (COVID-19), the SEC encourages shareholders to consider appointing proxies. Let independent directors instead of attending the meeting in person. and submit questions in advance of the meeting date.