Asia Precision Public Company Limited (APCS), as the APCS246A bond issuer, will convene the Bondholders’ Meeting No. 2/2024 on 14 June 2024 at 10.00 hours via electronic means after the Bondholders’ Meeting No. 1/2024 on 4 June 2024 resulted in the bondholders not approving any of the agenda items. This upcoming e-meeting’s agenda contains the following matters for approval:   

Agenda Item 1: To allow the list of the bondholders who attended the Bondholders’ Meeting No. 1/2024 to have the right to attend and vote for the Bondholders' Meeting No. 2/2024;    

Agenda Item 2: To extend the maturity period for two years and to repay the principal partially in four installments, accounting for 30 percent of the total principal amount at the issue date of the bonds;   

Agenda Item 3: To increase the annual interest rate of 6 percent to 7 percent throughout the extended maturity period;  

Agenda Item 4: To provide collateral to the current bonds and the bondholders’ representative will hold the collateral on behalf of the bondholders (as the current bonds are senior unsecured bonds).     

The SEC requires that the bondholders’ representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons, and clearly provide information to the bondholders together with the opinions of the bondholders’ representative. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholders’ representative to obtain comprehensive information before making an informed decision at the bondholders’ e-meeting.  

Note:
Asia Plus Securities Co., Ltd. is the bondholders’ representative for APCS246A bonds, which are due on 16 June 2024.