PAE (Thailand) Public Company Limited, together with its subsidiaries, provides civil construction, engineering, and industrial services in Thailand and internationally. It offers manpower supply services for oil and gas industry in the fields of onshore/offshore construction and installation, platform maintenance, vessel repairs, etc.; various tools and certified equipment rental for onshore and offshore work; procurement services; fabrication services related to steel piping and pipe supports, steel structural work, and other related parts; welder qualification testing services; and safety training services. The company also provides engineering services, including designed service of upst...
69 Soi On-nuch 64
Founded in 1964
Pae (Thailand) Public Company Limited Reports Consolidated and Company Earnings Results for the Six Months Ended of June 30, 2017
Aug 23 17
Pae (Thailand) Public Company Limited reported consolidated and company earnings results for the six months ended of June 30, 2017. For the period, on a consolidated basis, the company reported net loss attributable to shareholders of the company of THB 64,265,000 compared to THB 103,563,000 a year ago. Loss per share was THB 0.023 compared to THB 0.037 a year ago. Total revenue from sales and service was THB 217,613,000 compared to THB 297,291,000 a year ago. Loss before tax Revenue was THB 70,640,000 compared to THB 117,270,000 a year ago. Loss for the period was THB 71,201,000 compared to THB 115,103,000 a year ago. Net cash provided by operating activities was THB 30,305,000 compared to net cash used in operating activities of THB 16,245,000 a year ago. Cash paid for acquired of property, plant and equipment was THB 11,816,000 compared to THB 8,204,000 a year ago. Cash paid for acquired of intangible assets was THB 36,000 compared to THB 302,000 a year ago.
For the six months, on a company basis, the company reported net loss of THB 48,832,000 compared to THB 79,269,000 a year ago. Loss per share was THB 0.018 compared to THB 0.029 a year ago. Total revenue from sales and service was THB 132,618,000 compared to THB 188,627,000 a year ago. Loss before tax Revenue was THB 48,832,000 compared to THB 79,269,000 a year ago. Net cash provided by operating activities was THB 38,808,000 compared to net cash used in operating activities of THB 18,578,000 a year ago. Cash paid for acquired of property, plant and equipment was THB 11,290,000 compared to THB 1,203,000 a year ago.
PAE (Thailand) Public Company Limited Announces Progress On Notification Of The Company's Guidelines To Remove Causes Of Possible Delisting
Jun 29 17
PAE (Thailand) Public Company Limited has informed the Stock Exchange of Thailand (The "SET"), according to the letter referring to The Company will proceed with the rehabilitation process through the Central Bankruptcy Court. According to the Bankruptcy Act to rectify the cause of the delisting of the securities. The company has entered into a rehabilitation case where creditors have filed a lawsuit. But the court has rejected the creditor's request for the business rehabilitation. However, the Company continued the rehabilitation process through the Central Bankruptcy Court. Therefore, the Board of Directors Meeting No. 2/2060 held on June 19, 2017, has resolved to file a petition for business rehabilitation to the Central Bankruptcy Court for a new case. At this time, the company as a debtor will apply by themself. The Company would like to inform of the progress that on June 21, 2016, the Company filed a petition for business rehabilitation with the Central Bankruptcy Court, Black case no. 23/2560 and the court has ordered the petition is considered. The court has scheduled a hearing on September 11, 2017. In addition, the Company would like to clarify more about the Annual General Meeting of Shareholders of the Company that in 2016 (AGM), the Company cannot hold ordinary shareholders' meeting because the Central Bankruptcy Court has ordered not to convene the meeting. Holds shares for the year 2016 because the company is in the process of being prosecuted. The company is in a state of forced moratorium. No act of encumbrance or burdening of property will cause the property of the Company to be reduced if it violates criminal, imprisonment or fine. Or both. Under Section 90/12 (9) of the Bankruptcy Act, Section 90/82, the Court considers that the holding of the general meeting of shareholders constitutes a burden for a number to the company. The Bankruptcy Act does not allow the Company to hold the Annual General Meeting of Shareholders for the year 2016. As a result, until the court has lifted an order requesting the rehabilitation of creditors, as reported to them.
Pae Thailand Public Company Limited, Board Meeting, Jun 19, 2017
Jun 20 17
Pae Thailand Public Company Limited, Board Meeting, Jun 19, 2017. Agenda: To approve the company as a debtor to file a petition for business rehabilitation with the Central Bankruptcy Court for a new case; and to acknowledge the resignation from Director of Kulisara Bharintapong and appoint Gumpon Kupadakvinij to replace that position, which will be effective since June 19, 2017.