Bangkok, The Stock Exchange has asked NUSA to explain the facts in the case of asking the court to revoke the Share Swap contract between NUSA and WEH shareholders because it may affect its financial position.
As Nusasiri Public Company Limited (NUSA) informed that on January 18, 2024, it filed a complaint with the Civil Court requesting to revoke the contract in which NUSA is a shareholder of Wind Energy Holding Company Limited. (WEH) and shareholders of WEH is a shareholder of NUSA (Share Swap). If the court rules in accordance with NUSA’s request, it is expected that it will result in Thana Power Holding Company Limited (TNH) not being a shareholder of NUSA from the beginning. 10.13% of paid-up capital)
Since there is no ownership of WEH and NUSA shares, financial statements must be adjusted for investments in WEH (21% of total assets and 33% of shareholders’ equity) (details appear in NUSA’s news dated January 19, 2024).
Because the above information can be considered that it may have a significant im
pact on the financial statements of the company as well. Finance and operating results Including the rights of shareholders and the management power of the company.
Therefore, the Stock Exchange requests NUSA to clarify information through the Stock Exchange’s information dissemination system by 25 January 2024 as follows.
1. Reasons why NUSA filed the lawsuit with the court to request revocation of the said share swap which is contrary to the information NUSA previously informed through the Stock Exchange’s publishing system on April 12, 2022 that it did not find that the WEH shares that will be used as share swaps have any issues that will affect the ownership of WEH shares.
2. Voting rights including various rights As a shareholder of NUSA shareholders who receive shares in a share swap with WEH shares held by each shareholder. While the court has not yet given a decision on NUSA’s request, including the right to be a director of NUSA.
3. Approval authority to file the above lawsuit with the court.
4.
Impact on NUSA’s financial statements, both in terms of financial position and operating results, if the court rules as per NUSA’s request, along with further clarification of the reasons why NUSA does not have to return the dividends it previously received. from holding WEH shares
In addition, please clarify the opinions of the Board of Directors and the Audit Committee on the above case by February 5, 2024.
Source: Thai News Agency