Thai Polycons Public Company LimitedTPOLY faces a bankruptcy court rehabilitation petition filed by creditor TPCH, threatening its restructuring/insolvency.
Thai Polycons Public Company Limited (TPOLY) has disclosed that TPCH Power Holding Public Company Limited (TPCH), a financial creditor and subsidiary, has filed a petition with the Central Bankruptcy Court for the rehabilitation of TPOLY under the Bankruptcy Act B.E. 2483 and its amendments. The case is registered as Black Case No. Por.Por. 13/2569, filed on August 28, 2569. The court is currently considering whether to accept the petition. TPOLY stated that it will closely monitor progress and will disclose information to the Stock Exchange of Thailand upon any court order or significant development.
Thai Polycons Public Company LimitedTPOLY faces a bankruptcy court rehabilitation petition filed by creditor TPCH, threatening its restructuring/insolvency.
TPC Power Holding Public Company LimitedTPCH, a subsidiary, filed the bankruptcy rehabilitation petition against its creditor-parent TPOLY, signaling financial distress at the subsidiary.