The Thailand Securities and Exchange Commission urged bondholders in three Property Perfect Public Company Limited bond series (PF254A, PF254B and PF255A) to review all available information and exercise their rights at the upcoming bondholders’ meeting, where proposals include waiving an event of default linked to the bondholder register closing process and extending bond maturities. Property Perfect will hold Bondholders’ Meeting No. 1/2025 electronically on 25 April 2025 at 14.00 to vote on (i) using the bondholder register closing date for interest payment as the record date for convening the meeting and waiving an event of default arising from closing the register more than 14 days before the meeting, and (ii) extending maturities by 21 days for PF254A and PF254B and by 9 days for PF255A (all due on 19 May 2025). The SEC also required the bondholders’ representatives to assess the benefits, shortcomings and potential impacts of approving or rejecting the proposals, and encouraged bondholders to seek comprehensive information from the issuer and representatives before voting.
Thailand Securities & Exchange Commission 2025-04-22
Thailand Securities and Exchange Commission urges PF bondholders to engage in 25 April vote on register-closing waiver and maturity extensions of up to 21 days
The Thailand Securities and Exchange Commission advises bondholders of three Property Perfect Public Company Limited bond series to review information and exercise their rights at an upcoming meeting. The meeting will address proposals to waive an event of default related to the bondholder register closing process and extend bond maturities. Bondholders are encouraged to seek detailed information and consider the implications before voting.