The Securities and Exchange Commission (SEC) disclosed that Chewathai Public Company Limited, or CHEWA, as the issuer of 7 bond series, namely CWTTH26OA, CWTTH272A, CWTTH276A, CWTTH27NA, CWTTH27NB, CWTTH282A and CWTTH283A, held the 1/2026 bondholders' meeting on 30 September 2026, but the bondholders attending did not constitute a quorum as required under the rights terms. It has therefore scheduled another meeting of the holders of these bond series on 7 October 2026 at 2:00 p.m. via electronic meeting. The key agenda items include granting a waiver so that the holding of a bondholders' meeting to amend repayment conditions is not treated as an event of default under the rights terms, which applies only to certain series; extending the bond maturity date; and amending the conditions for early redemption of the bonds before the maturity date. The SEC has required the bondholders' representative to clearly analyse the advantages, disadvantages, benefits and impacts that bondholders would receive from approving or not approving each option, together with supporting reasons and opinions, and urges bondholders to study the information carefully, exercise their rights to protect their interests, and seek information from the bondholders' representative to support their decision on how to vote at this meeting.
Chewathai Public Company LimitedCHEWA is seeking to extend bond maturity and amend early-redemption terms after a failed quorum, signaling repayment strain on its 7 bond series.
