SET orders FVC to clarify strict investment measures in Lamphun Industrial Estate and report ongoing progress
The Stock Exchange of Thailand requests the FVC board of directors to clarify the measures and guidelines to be used to supervise the development of the World Industrial Estate (Lamphun), including continuous progress reports on the project.
On July 25, 2568, the Stock Exchange of Thailand (SET) requested the Board of Directors of FVC to clarify the measures and guidelines for overseeing investment used in the development of the World Industrial Estate (Lamphun) and to report on the progress of oversight to ensure compliance with these measures and guidelines, along with the submission of quarterly and annual financial statements until the industrial estate development investment is completed.
As the Board of Directors of Filter Vision Public Company Limited (the Company) will propose to the Extraordinary General Meeting of Shareholders on August 8, 2568 to seek approval to invest in ordinary shares of World Industrial Estate Company Limited (WIE) and develop World Industrial Estate (Lamphun) with an investment value and project development of 1,161 million baht, representing an acquisition of assets of 94.15 percent, which the Board of Directors has considered the completeness of the investment and calculation of the transaction size. Although the transaction size has not reached or exceeded 100 percent, which will be considered an indirect listing with the Stock Exchange (Backdoor Listing), details are in the related news and the independent financial advisor's opinion report published on July 24, 2568. However, for the benefit of investors, the Stock Exchange of Thailand would like the Company to provide additional information and report the investment progress as follows:
- Measures and guidelines to be used by the Board of Directors and the Audit Committee to monitor the investment value used in project development, including future borrowing plans, to be in accordance with previously disclosed information, with such information to be disclosed by 6 August 2568.
- Report on the progress of the project in terms of construction and investment in project development, including borrowing, by comparing with the information that the company has previously disclosed to the Stock Exchange of Thailand.
The report must be quarterly or when there is any significant event that may affect the project development. If the reported information changes from what was disclosed, please provide reasons. The report on the progress of the project must be considered by the Board of Directors and the Audit Committee and submitted together with the quarterly financial statements and annual financial statements (as applicable) until the industrial estate development investment is completed.
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