The auctioneer will proceed for stock auction of the following pledgers:

1. Ms. Sukanya Phalee                               

2. Ms. Nuvapa Vitoonchavalitwong                                                                   

3. Mrs. Pimlada Pipatpakorn

4. Prime Road Capital Co., Ltd.                 

5. Ms. Parisa Chayavasan                                                                   

6. Mrs. Kruawan Trisawadwong

The above pledgers held a stock of Prime Road Power Public Company Limited and pledged as a collateral for debt under Credit Balance Agreement and Debt Acknowledgment Letter between GMO-Z com Securities (Thailand) Public Company Limited; a creditor who lent money to Prime Road Capital Company Limited (Credit Balance Agreement dated March 3, 2021 and Debt Acknowledgement Letter dated October 10, 2021), Ms. Parisa Chayavasan (Credit Balance Agreement dated November 29, 2021 and Debt Acknowledgement Letter dated October 10, 2023), and Mrs. Kruawan Trisawadwong (Credit Balance Agreement dated November 29, 2021 and Debt Acknowledgement Letter dated October 10, 2023).

The debtors defaulted on the payment of the debt under such Credit Balance Agreements and failed to repay the debt within the date specified in Notice Letter of Enforcement of the Pledged Share. 

The stock auction will be held on December 4, 2024 at 10.00 a.m. at Nikkei Meeting Room, GMO-Z com Securities (Thailand) Public Company Limited which is located at No. 9, G Tower Grand Rama 9, 15th Floor, South Wing, Rama 9 Road, Huaykwang, Huaykwang, Bangkok.

All related stakeholders are entitled to attend the stock auction and have the right to bid or seek other persons to bid in for their willing price. If they do not attend the auction, it is considered that they do not intend in the bidding as well as they know the scheduled date and location of the auction.

Stocks for Auction

Stocks of Prime Road Power Public Company Limited as following list:

1. Share Certificate No. 08390100000306 with 117,300,000 shares; Ms. Sukanya Phalee is a pledger and shareholder.

2. Share Certificate No. 08390100000307 with 17,156,200 shares; Ms. Sukanya Phalee is a pledger and shareholder.

3. Share Certificate No. 08390100000304 with 32,700,000 shares; Ms. Nuvapa Vitoonchavalitwong is a pledger and shareholder.

4. Share Certificate No. 08390100000308 with 32,843,800 shares; Mrs. Pimlada Pipatpakorn is a pledger and shareholder.

5. Share Certificate No. 08390100000312 with 672,180,000 shares; Prime Road Capital Co., Ltd. is a pledger and shareholder.

6. Share Certificate No. 08390100000311 with 396,850,000 shares; Ms. Parisa Chayavasan is a pledger and shareholder.

7. Share Certificate No. 08390100000318 with 79,542,500 shares; Mrs. Kruawan Trisawadwong is a pledger and shareholder.

All seven share certificates in the auction are pledged with GMO-Z com Securities (Thailand) Public Company Limited. The auctioneer will sell the stocks for releasing the pledge. The buyers have a duty to transfer shares, register themselves as a shareholder of Prime Road Power Public Company Limited with Thailand Securities Depository Company Limited, and be responsible for related fees and expenses.

For Starting Price, the auctioneer sets the appropriate starting price by considering current situation, market price, and other related factors.

The auctioneer has the right to withdraw any or all properties to be auctioned from the auction process as deems appropriate.

The registered par value of the share is THB 1 per share.

Bidding Conditions

Bidder shall pledge collateral to the auctioneer as below:

No. 1 amounting of THB 2,346,000                     

No. 2 amounting of THB 343,124

No. 3 amounting of THB 654,000                        

No. 4 amounting of THB 656,876

No. 5 amounting of THB 13,443,600                   

No. 6 amounting of THB 7,937,000

No. 7 amounting of THB 1,590,850

Excepting for the bidder who has the right to request waiver.

The collateral shall be in form of a cashier's cheque paying to "Mr. Somkid Wangcherdchuwong" (without crossing) as the recipient.

For those who cannot buy the stock, the auctioneer will return the collateral immediately after the auction on the same day.

Contract Term

The buyer must pay the price immediately after purchasing the stocks, and amount of collateral shall be considered as a part of the payment.

The collateral and payment of remaining amount must be paid in cash. In case of a cheque, it must be a cashier's cheque of a bank in Thailand specifying that Mr. Somkid Wangcherdchuwong is the recipient.

Warning to Buyers

Before the bidding process, the buyer is responsible for checking the details of the property to be purchased and it is considered that the buyer has completely understand condition of such property.

The representative person for the bidding must submit a power of attorney to the auctioneer before submitting a bid, otherwise it will be considered as submitting a bid in his/her own name, which cannot be changed later. If the bidder is a juristic person, they shall submit an Affidavit issued by the Company Registration Office or a legal certificate, and a power of attorney signed by the director or manager of such juristic person to the auctioneer before submitting a bid.

For additional information, please contact Mr. Somkid Wangcherdchuwong (Auctioneer) of Suwat Somkid Law Office located at Baan Phra Ram 4 Plus Building, No. 18/11, Soi Plookchit, Phra Ram 4 Road, Lumphini, Pathumwan, Bangkok 10330, Tel. 02-252-0699 or 081-735-6250 during business hours.

Announced on ................................................. 

      Mr. Somkid Wangcherdchuwong

Auctioneer License Number 00000033 Bangkok

-This announcement of the auctioneer is translated from Thai original version.-