Examples of SSG Group in a sentence
Moreover, the SSG Group, which will become a majority shareholder of the Company, consists of investment funds and has an expertise in managing and solving corporate financial crises in the past.
As already mentioned in 1.1 on the necessity and details of the transaction, despite receiving assistance from the Mahachai Group in terms of working capital for its operation in the past, the Company is still unable to secure adequate funding to repay a large amount of outstanding trade debt, hence the Company’s decision to engage in the debt restructuring with the SSG Group.
Additionally, the SSG Group has a clear problem-solving guideline, which will help ameliorate the financial status of the Company, and if the SSG Group becomes a majority shareholder of the Company, the Company must hire Synergy, a company having a team of experts with experience and reputation in managing the world’s leading companies in the steel industry, as part of the debt restructuring plan of the Company and the conditions of the Credit Agreement.
Additionally, once the SSG Group becomes a majority shareholder of the Company, the SSG Group has a clear problem-solving guideline, which will help ameliorate the financial status of the Company.
Moreover, the Company is confident in the professionalism of the SSG Group, which consists of investment funds and has an expertise in managing and solving corporate financial crises.
SSG Group found that the due diligence results were satisfactory and confident that they could be able to help improving the Company’s business.
All employees and Associated Persons should acknowledge that some or all of the confidential or sensitive information they have access to while performing business with SSG Group, may become unpublished price sensitive.
In this regard, the Company’s criteria for determining the offering price are based on the negotiation and agreement between the Company and ACO I and are based on the average closing price of the Company’s shares traded on the SET from May 2 to May 26, 2017 (equivalent to THB 0.3155 per share), the period when the Company and the SSG Group negotiated the terms of the MOU, after which the Company and the SSG Group executed the MOU on May 26, 2017.
SSG Group therefore started negotiating with 7 main trade creditors (including Cargill International Trading Pte.
SSG Group has continuously been following up on the business operation way to check whether or not there would be any proposals for such Trade Debt as mentioned above to SSG Group.