ITC Shareholders Approve 6 Billion Baht Loan to Thai Union Group

MGR Online•Economy•2d ago

Reader Briefing

ITC shareholders approved a loan of up to 6,000 million baht to Thai Union Group.

•ITC shareholders approved a loan not exceeding 6,000 million baht to Thai Union Group.
•The decision was made during the Extraordinary General Meeting of Shareholders No. 1/2026 on August 24, 2026.
•93.7% of shareholders with voting rights approved the transaction.
•The loan is intended to manage ITC's excess cash to generate returns efficiently.

Overview

•The Extraordinary General Meeting of Shareholders No. 1/2026 took place on August 24, 2026.
•Shareholders of i-Tail Corporation approved a loan of up to 6,000 million baht to Thai Union Group.
•93.7% of eligible voting shareholders approved the loan, exceeding the required three-fourths threshold.
•Thai Union Group, as an interested shareholder, had no voting rights in this agenda.
•i-Tail Corporation intends to manage excess cash to create benefits and efficient returns.
•Roy Chun stated that the voting results reflect overwhelming shareholder support and confidence in i-Tail Corporation's cash management.
•i-Tail Corporation maintains sufficient liquidity for normal operations and future investments.
•Measures to protect i-Tail Corporation include a maximum loan limit and the ability to recall the loan when necessary.

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Key Quotes

Roy Chun

"The participation and voting results this time reflect the overwhelming support of shareholders for this transaction and confidence in ITC's approach to managing excess cash efficiently."

การมีส่วนร่วมและผลการลงคะแนนเสียงในครั้งนี้สะท้อนแรงสนับสนุนท่วมท้นของผู้ถือหุ้นต่อธุรกรรมดังกล่าว และความเชื่อมั่นต่อแนวทางของ ITC ในการบริหารเงินสดส่วนเกินอย่างมีประสิทธิภาพ

Key Entities

Organization

i-Tail Corporation(ไอ-เทล คอร์ปอเรชั่น)

A public company (ITC) that approved a loan of excess cash to Thai Union Group.

Thai Union Group(ไทยยูเนี่ยน กรุ๊ป)ℹ️

A public company and interested shareholder receiving a loan of up to 6,000 million baht from i-Tail Corporation.

Person

Roy Chun(รอย ชาน)

The Chief Executive Officer of i-Tail Corporation.