Sabuy Technology Public Company Limited (SET: SABUY) has informed the Stock Exchange of Thailand that the company has conducted a fact-finding review regarding its past operations.
The company has found that certain operations in the past may not have complied with applicable regulations and laws, which could potentially affect the company. Therefore, the company has taken appropriate legal actions to protect its rights and interests. The key developments are as follows:
- On April 4, 2025, the company filed a lawsuit with the Civil Court against a certain company to demand repayment of a loan under a loan agreement. The total amount claimed is approximately THB 900 million. This case involves a loan the Company provided to the said company between April 2023 and November 2023, which has not yet been repaid according to the agreed terms.
- On April 9, 2025, the Company filed lawsuits against certain former executives with the competent court. The company believes that these individuals may have acted in ways that were not in compliance with applicable regulations and laws, resulting in damage to the Company. The total amount claimed in this matter is approximately THB 1.7 billion.
SABUY stated that it will closely monitor the progress of these legal proceedings and will report to the Stock Exchange of Thailand as appropriate.
The Company emphasized that the current Board of Directors and executive team are committed to operating under good corporate governance principles for the best interests of the company and its shareholders. The company is in the process of continuously improving and developing its organization to enhance stability and sustainability in its business operations.
