The Thailand Securities and Exchange Commission has instructed Advanced Connection Corporation Public Company Limited to submit additional information and supporting documents on its proposed private placement of newly issued shares, and to publicly disclose the same via the Stock Exchange of Thailand’s Electronic Listed Company Information Transmission System (SETLink), by 1 April 2026. The SEC cited incomplete and unclear disclosures that could affect shareholder rights and investors’ decision making ahead of shareholder consideration of the capital increase. ACC’s board has proposed issuing up to 700 million new shares in a private placement at THB 0.50 per share (par value THB 0.25), for total proceeds of up to THB 350 million, to Sky Avia Trading Co., Ltd., Heli Asia Trading Co., Ltd., and Mr. Wichai Wanavit. Following allocation, the three investors would hold 3.10 percent, 20.15 percent, and 3.88 percent, respectively; the SEC noted that Sky Avia and Heli Asia are interrelated as persons acting in concert with a common ultimate shareholder, Mrs. Wee Lee Lian, and together would hold 23.25 percent, the largest stake in ACC. The SEC highlighted a lack of clarity on ACC’s investor selection criteria, qualification and experience checks, expected benefits, information on shareholders with managerial control, the basis for the board’s opinion that the transaction is in ACC’s best interests, and verification of information on persons connected to the investors. The information request and disclosure instruction were issued under Section 58(1) of the Securities and Exchange Act B.E. 2535 (1992), with ACC required to clarify the identified issues and submit supporting documentation by 1 April 2026 and disclose the information through SETLink.

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