CHAYO Rebounds after Clarification of Not Selling 40M. Allocated Shares
CHAYO) has rebounded by 2.24% in the morning session after the report to clarify the rumor of selling 40 million allocation shares.
On May 2, 2019, the share price of Chayo Group Public Company Limited (CHAYO) has rebounded by 2.24% in the morning session on May 2, 2019, after the report from the company to clarify the rumor of 28 private placement shareholders had sold their shares that were supposed to be on silent period.
To assert the company’s statement, Mr. Suksan Yasasin, CEO of Chayo, has joined “Kaohoon JorTaLad” Program which is a live broadcast on FM 102 MHz, Facebook Live, and YouTube Live by confirming that all 28 shareholders did not sell their shares as they have volunteered not to sell for the period of 6 months, though without a legitimate contract signing and all share certificates were kept with CHAYO to prevent any transaction during the period.
Moreover, Mr. Suksan states that the operation of CHAYO is still strong and the company has constantly signed contracts for distressed debt. Currently, CHAYO has bought approximately THB 36 billion of unsecured debt and about THB 3 billion secured debt that will support company’s growth in the future.
The share price of CHAYO in the morning session was ฿57.00/share, rose ฿1.25/share or 2.24% with a trading value of THB 1.27 billion. The highest of the session was ฿57.75/share and the lowest was ฿55.75/share.
