CHAYO Denies the Rumor, Asserting 28 Investors Agree on 6 Months Silent Period!

According to the report from “Kaohoon Online” of Chayo Group Public Company Limited (CHAYO) on 30 April 2019 subjected “CHAYO Plunges 15.6% as Rumors of a Selloff from PP for a Profit of 30% Circulates”.

Today (2 May 2019) early morning, CHAYO clarified the fact that the 28 investors (receive the shares allocation around 40 million shares) have volunteered not to sell their shares for the period of 6 months (or volunteer to have silent period for 6 months). The 28 investors have agreed and asked CHAYO to process for issuing Share Certificate on their behalf. They also asked CHAYO to keep all share certificates that they received with the company. Moreover, the share certificates will be returned to the 28 investors when the completion of the silent period (or complete 6 months).

For this result, the 28 investors cannot sell their shares to the market because they agree with silent period for 6 months and all the share certificates still remain kept at the Company.