Debt of 2 billion at the throat of NUSA / Sunan Srichantra

Debt of 2 billion at the throat of NUSA / Sunan Srichantra

2024-03-17 14:25:00

Nusasiri Public Company Limited or NUSA has a problem at the Stock Exchange. Ordered to explain incessantly Most recently, he was ordered to explain the repayment of debentures and other debts totaling 2,352 million baht, which will be due within 1 year, with the deadline for providing information not later than 15 March.

NUSA has only 39 million baht in cash left in its account, but has 1,185 million baht in bond debt due within 1 year and 1,167 million baht in other debt due in 1 year. I would like to know the progress, plans, and liquidity management operations. To pay off debt and interest and to conduct normal business operations.

The Stock Exchange also asks investors Follow NUSA’s statement and investors who have NUSA shares in their hands should especially follow information on the repayment plan. Because it will directly affect the NUSA share price.

Financial liquidity management plan Repayment of debentures and other debts It has been determined. Under the old executive committee with Mr. Wissanu Thepcharoen being the chairman of the board of directors It will sell 6 assets worth more than 10 billion baht.

One of the assets to be sold is shares of Wind Energy Holding Company Limited, amounting to 7.12% of the registered capital, valued at approximately 3.3 billion baht.

But Mr. Pradet’s group Kitti Isaranon NUSA’s No. 1 shareholder immediately came out once morest the plan to sell the assets. and called an extraordinary meeting of shareholders according to Section 100 of the Public Company Limited Act and asked for shareholder resolution. Change the resolution to sell assets, appoint new NUSA directors, and remove Mr. Wisanu from his position.

Liquidity resolution plan and reserve money In order to prepare to repay the debt of 2,352 million baht, which will be due within 1 year, we must start over. amid concerns that

NUSA may default on bond payments. and other debts Like many other listed companies that have financial problems. No money to pay off debt until the stock falls into a dead state because investors sold off

Only NUSA shares were surprisingly strong. Even though negative factors continue to affect Both internal administration is being watched for its transparency. The problem of continuous operating losses And there is short-term debt of more than 2 billion baht at the throat and must be repaid within 1 year, while the company has only 39 million baht in cash remaining.

sale of property To bring in money to enhance liquidity The best and fastest way is to Selling shares in Wind Energy Holding Company Limited because it is an asset that is easy to buy and sell easily. And there should be people who are interested.

But the Wind shares that NUSA holds are Mr. Pradej’s heart. This requires a proportion of 7.12% of Wind’s shares to be used to vote at shareholder meetings. to control Wind’s management completely for many years

and Wind is a source of treasure that produces money for Mr. Pradetchep’s group. Thousands of millions of baht in happiness per year

Selling Wind shares To enhance liquidity and help NUSA have money to repay debts. There is no problem of defaulting on repayments. Therefore, it is not a choice of the NUSA committee, Mr. Pradet’s committee.

But how will NUSA find a solution to find money to pay off debts that are regarding to mature? Investors must wait to hear clarification from the company’s management by March 15, according to the deadline set by the stock exchange.

NUSA’s 8,755 minor shareholders will probably follow NUSA’s short-term solution to this problem with excitement. Because if they default on their debt payments, NUSA shares will probably be bombarded and sold once more.

And in the previous round, NUSA shares had been attacked until falling to the lowest point in many years at 28 satang, but were dragged back once more, most recently on March 12, closing at 44 satang, despite bad news. All around

This March 15th, we have to wait and see where the NUSA administration plans to get the money from. To pay off short-term debt of more than 2 billion baht

If there is a plan that makes investors confident that NUSA will not have a problem of defaulting on debt payments, that would be great. But if the map has Unable to make investors stop worrying regarding debt default.

NUSA shares may face a storm. NUSA small shareholders may have to cry out once more.

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