The Stock Exchange of Thailand has notified that the securities of City Steel Public Company Limited, or CITY, may be subject to delisting after audited financial statements for 2024 to 2026 showed the company's operating revenue remained below 100 million baht for three consecutive years, under the SET's regulations on delisting of listed securities issued in 2021. The SET will announce that CITY meets the grounds for possible delisting starting from 1 October 2026, and will post an NC sign while maintaining an SP sign to prohibit trading of the company's securities. CITY must disclose its plan to remedy the possible delisting grounds, together with a timeframe and rehabilitation guidelines, to shareholders and investors by 1 November 2026. Once the plan is fully disclosed, the SET will allow trading of the securities for one month, after which trading will be prohibited again until the company resolves the delisting grounds. CITY is required to complete the remedy of the possible delisting grounds within three years from 1 October 2026, otherwise the SET may proceed to delist CITY's securities.
City Steel Public Company LimitedSET notified CITY of possible delisting after revenue stayed below 100 million baht for three consecutive years, with trading suspended and a three-year remedy deadline.
