EA-NEX is preparing information – evidence to submit to SEC – DSI by this month. Take action on the stock buster, “Sombot Ahunai” said it's a money game and NEX is the victim. Confirming that the business is still strong, NEX explains the capital increase, hopes to move forward with the business, supports the future – builds confidence, emphasizing that the incident will not affect EA's business plan, which aims for 5-10% revenue growth this year, expecting to enter the high season in the second half of the year. Supports more than 5,000 units of EV car deliveries
The CEO of Energy Absolute Public Company Limited or EA Mr. Sombot Ahunai said he wants investors and all stakeholders to understand the situation of EA and NEX properly and see a clear picture of how to solve system-wide problems. After the recent period, the stock prices of both the companies have seen a continuous decline in the past.
He said NEX is a good company with a future that customers and suppliers believe in. Additionally, in the past, it has been able to deliver electric vehicles on schedule. Has continued to have good operational results Share price decline Mr. Ganit made Srivajiraprabha as an executive and one of the key shareholders, which is directly affected by the declining value.
EA and NEX stock prices, which have fallen sharply in the past, are not seen to reflect true fundamentals and are currently gathering evidence. Section 2535 of the Securities and Exchange Act prohibits any person from doing the following by submitting a matter to the Securities and Exchange Commission (SEC) and the Ministry of Justice's Department of Special Investigations, or DSI (DSI), to identify stock price-fixers pursuant to Section 244/3 of the Act.
1. Send an order to buy or sell securities or buy or sell securities. This causes the general public to misunderstand the price or quantity of buying or selling securities.
2. Send an order to buy or sell securities or buy or sell securities. Selling or selling securities with the intention of creating price or buying volume of securities in a continuous manner differs from normal market conditions.
“NEX is affected now. This is the result of money games, starting with destroying confidence in the capital market and is about to destroy businesses as well. “Various negative rumors are worrying business partners and suppliers,” said Mr Sombot.
Complaint to SEC and DSI is the decision to find the culprit. It helps protect other listed companies. Don't let things like this happen again and make sure it doesn't destroy the real business, because if it does, you won't be going to the regulator. The documents and evidence are expected to be gathered for the SEC by this month.
There is one problem to note: In the past, there has been strong selling pressure on EA and NEX stocks since the introduction of the robot trade program, which has an advantage in the speed of stock trading and creates negative moments and shorts. Making naked shorts through the NVDR board includes a loophole Sell, which is intended to hide transactions. Currently, many countries have banned short selling because they feel it is not a constructive transaction.
Currently in Thailand the custodian system and the stock trading system of the stock market are not yet fully integrated. This causes loopholes to be avoided and most operations in the past came from abroad. Destroys investor confidence So, should it be put on hold for now? After the system is fully upgraded, it can be used again.
However, this will not affect EA's business plan for the year since that event, which is targeting 5-10% revenue growth this year.
Clarifies capital increase for NEX to move forward with business – builds confidence
Regarding NEX's capital raising issue this time, the company is sufficient to run its business smoothly in the future and build confidence from customers and clients. and suppliers The capital increase is divided into 2 parts, the first part selling 75 million shares (PB) at a price of 2.55 baht per share, and receiving 75 million units of warrants. 12.75 baht for every 5 additional ordinary shares, which Mr. Kanis are assigned to Srivajiraprabha. and other business partners to strengthen morale and commitment to grow the business and maintain key stakeholder status to generate good returns in the future.
Part 2 is divided into 2 tranches, which will be allocated to existing shareholders by 2024. The first tranche is 2,096.82 million shares at a ratio of 1 additional share for 1 existing share, price 1 baht per share, and the second tranche is not more than 6,290.48 million shares 1 ratio 1.5 additional shares, price 1 baht per share.
“The reasons are divided into two groups. Because there is no need to spend large sums of money to start the business immediately. When the first sum is received, the management team works to prove that the company can continue and has a future, and then calls for a second tranche of additional capital,” said Mr. Sombot said.
For cooperation with NEX, the company will fully support and strengthen the business cooperation between them. It will be a point of connection to expand and broaden the customer base both domestically and abroad. As a major shareholder of 33.14% in NEX, NEX has the ability to further expand its business, including by adding capital to NEX. including supporting new investments and building trust among allies and business partners.
NEX promises to deliver no less than 5,000 EVs this year.
Mr. Ganis Srivajiraprabha, CEO of NEX Point Public Company Limited or NEX, said the company aims to deliver at least 5,000 electric vehicles this year and accelerate market growth at home and abroad under close collaboration with EA.
In the first quarter of 2024, nearly 600 commercial electric vehicles were delivered to customers, and plans to bid on several new projects later this year and continue to bid for electric vehicle jobs. Both the government sector, government agencies, universities and the private sector are showing interest in using electric vehicles in their organizations.
NEX currently has around 137 customers under negotiation and is the leading company in Thailand. But from this case, we agree that whether it is an internal matter or the 8,000 million baht capital increase affects confidence, but investors and business partners should be confident that the company is still strong and efficient.