WHA Corporation Public Company Limited (SET: WHA) has announced a postponement of its plan to list WHA Industrial Development Public Company Limited (WHAID) on the Stock Exchange of Thailand.
This decision emerged from a meeting of the Board of Directors on March 14, 2025. Initial plans involved offering ordinary shares of WHAID and issuing new shares to its directors, management, and employees. However, current economic and capital market volatility, alongside input from stakeholders, led the board to defer the listing to ensure the decision aligns with the best interests of the company and its shareholders.
The volatile market environment, shaped by both domestic and global influences, prompted the withdrawal of the proposed share allocation at the upcoming 2025 Annual General Meeting. In parallel, the restructuring of the company’s holdings in WHA Utilities and Power Public Company Limited (WHAUP) has also been delayed, maintaining its 71.59% position through WHAID and its subsidiary, WHA Industrial Development International (SG) Pte. Ltd.
While pausing on these strategic moves, WHA Corporation remains optimistic about its business growth prospects and robust financial health. The company asserts its capacity to pursue investments backed by solid cash flow and diverse funding resources. Moving forward, WHA Corporation will continue to assess market conditions and other relevant factors. Should the opportunity arise to reinstate the listing and restructuring plans, shareholders will be duly informed.
WHA will hold a special conference call at 9.30am BKK time , today.
