AWC Falls 12%, Hitting Bottom at ฿5.30/Share after the Expiration of Greenshoe Options

In the afternoon trading session of November 11, 2019, the share price of Assert World Corp Public Company Limited (AWC) had fallen to ฿5.30/share, decreased ฿0.75/share or 12.40%, which is now lower than its IPO price at ฿6.00/share for the first time since the first trading on October 10, 2019.

 

Today is the first day that AWC’s over-allotment (greenshoe) expired, which believed had been keeping AWC’s shares price above its IPO price.

The over-allotment of 1,043,000,000 newly-issued ordinary shares by Phatra Securities Public Company Limited as the over-allotment agent who borrowed 1,043,000,000 ordinary shares from Mr. Charoen Sirivadhanabhakdi to deliver to the subscribers. The Over-Allotment Agent shall procure the aforementioned number of shares by purchasing AWC’s shares traded on the Stock Exchange of Thailand (SET) or by exercising the right to purchase AWC’s shares allocated for such purpose, in the total number of 1,043,000,000 shares, within 30 days from the date on which AWC’s shares start trading on the SET, which would fall on 8 November 2019.