Information analysis
Subject : Reminding investors to analyze
Information
Security Symbol
- SABUY TECHNOLOGY PUBLIC COMPANY LIMITED (SABUY)
Remark :
The Stock Exchange of Thailand (SET) requires SABUY Technology Public Company
Limited (SABUY) to provide an explanation of the financial information for the
first quarter of the year 2024. This is due to the auditors observing
significant uncertainties regarding the company's ability to operate
continuously. SABUY incurred a loss of Baht 1,961 million, had higher current
liabilities than current assets, and accumulated losses of Baht 3,084 million.
There were also observations indicating that the SABUY group has lost control
over SABUY Connext Tech Public Company Limited (SBNEXT). SABUY recorded an
impairment loss on goodwill and other intangible assets and expected credit loss
of short-term loan to SBNEXT totaling Baht 1,464 million. Furthermore, the
company incurred losses from selling investments in Double7 Company Limited
(DOU7) totaling Baht 996 million.
Therefore, SABUY is required to clarify information via SET's disclosure system
within June 13, 2024 and for the opinion of the Board of Directors within June
20, 2024. Investors are advised to study SABUY's financial information and
monitor the company's clarification.
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This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand and Thailand Futures Exchange Pcl. have no responsibility for the accuracy and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.