06/07/2017 | Press release | Distributed by Public on 06/07/2017 07:22
7 June 2017
Subject To inform the default of Bill of Exchange Attention President
The Stock Exchange of Thailand
Energy Earth Public Company Limited ("The Company") has issued and offered the Bill of Exchange via Private Placement with a financial institution amounted to THB 40,000,000.- (Forty Million Baht). The Company would like to inform the default of the Bill of Exchange as follows;
Bond Information Bill of Exchange, offered via Private Placement for 3 transactions
with Symbol EARTH17606A
Par value totaling THB40,000,000.- (Forty Million Baht)
Issue Date 6 March 2017
Maturity Date 6 June 2017
Financing Purpose For working capital financing
Reason of Default The Company has tight cash flow and the bank is in process to
review the credit facility of the Company
To rectify the tight cash flow problem, the Company is now negotiating with the bank and hoping to be able to renew credit facility and repay Bill of Exchange soon.
Please be informed accordingly.
(Mr. Thanawat Pratoomsuwan) Managing Director