Sign In
SEC News

SEC urges SABUY263A bondholders to exercise their rights at the Bondholders’ Meeting on 21 January 2026



Friday 16 January 2026 | No. 15 / 2026


Bangkok, 16 January 2026 – The Securities and Exchange Commission (SEC) urges SABUY263A bondholders to exercise their rights, thoroughly review all relevant information, and reach out to the bond issuer or the bondholders’ representative to obtain comprehensive and sufficient details for making an informed voting decision at the bondholders’ meeting to be held on 21 January 2026.  

WSOL Public Company Limited, as the issuer of SABUY263A, will convene the Bondholders’ Meeting No. 1/2026 in the form of an E-Meeting on 21 January 2026 at 13.30 hrs. The matters for consideration are as follows:       

          (1) Granting waivers for the following matters shall not constitute an event of default under the terms and conditions:

              - The issuer’s convening of the Bondholders’ Meeting No. 1/2026 (including any adjourned meeting, if any) for the purpose of seeking approval for a one-year extension of the bond’s maturity; and/or

              - The issuer’s negotiation or entry into any agreements with financial institutions or other creditors during the period from 31 December 2025 to 21 March 2027 for the purpose of debt restructuring.

(2) Extending the bond’s maturity by an additional one year, resulting in a new maturity date of 21 March 2027;

(3) Maintaining the existing bond interest rate throughout the extended period, subject to the bondholders’ meeting approving the maturity extension;

(4) Waiving the issuer’s obligations to maintain the aggregate value of the collateral against the outstanding principal amount of the bonds at a ratio of not less than 1.50:1, and to procure additional replacement collateral in the event that such collateral ratio falls below 1.50:1, for the period from 31 December 2025 to 21 March 2027;

(5) Allowing the issuer to dispose of the collateral for SABUY263A (AS shares), and to apply the proceeds from such disposal toward repayment of the SABUY263A.

The SEC requires the bondholders’ representative to provide a clear analysis of the advantages, disadvantages, benefits, and potential impacts on bondholders for both approval and disapproval of the proposed matters, including comprehensive supporting reasons and the opinion of the bondholders’ representative. Accordingly, the SEC urges bondholders to carefully review all information and exercise their rights to safeguard their interests. Bondholders should also seek clarification from the bondholders’ representative to ensure they have complete and sufficient information before making a voting decision at the bondholders’ meeting.

 




 

Notes: Asia Plus Securities Company Limited acts as the bondholders’ representative for SABUY263A with maturity on 21 March 2026.

 

 

 

 

 






Related News

SEC urges PHUKET bondholders to exercise their rights at the upcoming bondholders’ meeting
SEC urges GRAND bondholders to exercise their rights at the upcoming bondholders’ meeting
SEC urges PRIME bondholders to exercise their rights at the upcoming bondholders’ meeting
SEC urges EA bondholders to exercise their rights at the upcoming bondholders’ meeting
SEC urges PHUKET bondholders to exercise their rights at the upcoming bondholders’ meeting