SINGER and SGC clear accumulated losses to enable dividends

MGR Online•Economy•5d ago

Reader Briefing

SINGER and SGC are utilizing legal reserves and share premiums to offset accumulated losses to enable future dividend payments.

•SINGER and SGC boards approved the use of reserves and share premiums to clear accumulated losses on August 20, 2026.
•SINGER will use 1,439,576,040 baht, while SGC will use 856,372,925 baht for this purpose.
•SGC approved the sale of a car loan portfolio valued at no more than 1,300 million baht.
•An Extraordinary General Meeting of Shareholders (E-EGM) is scheduled for September 29, 2026.

•SINGER will transfer 82,820,154 baht from legal reserves and 12,334,930,378 baht from share premiums to offset 1,439,576,040 baht in accumulated losses as of June 30, 2026.
•SGC will transfer 209,379,885 baht from legal reserves and 646,993,040 baht from share premiums to offset 856,372,925 baht in accumulated losses as of June 30, 2026.
•After the transfer, SGC will have 0 baht remaining in legal reserves and 2,535,280,527 baht remaining in share premiums.
•SGC approved the sale of a car loan portfolio worth not more than 1,300 million baht to a non-related legal entity.
•Clearing the accumulated losses removes accounting restrictions, allowing SGC to consider paying dividends if the company has net profits.
•SINGER, as the parent company of SGC, may receive returns from those dividends.
•SINGER and SGC have scheduled the 1/2026 Extraordinary General Meeting of Shareholders for September 29, 2026, via electronic media (E-EGM).
•SGC is a Jaymart group company with SINGER holding a 75% stake and Jaymart Group Holdings holding a 2.34% stake.

Full article content is available on the original source.

SINGER Thailand Public Company Limited(บริษัท ซิงเกอร์ประเทศไทย จำกัด (มหาชน))

The parent company of SGC and a shareholder holding a 75% stake in SGC.

SG Capital Public Company Limited(เอสจี แคปปิตอล จำกัด (มหาชน))

A Jaymart group company and subsidiary of SINGER Thailand Public Company Limited.

Jaymart Group Holdings Public Company Limited(บริษัท เจมาร์ท กรุ๊ป โฮลดิ้งส์ จำกัด (มหาชน))

A company holding a 2.34% stake in SGC.

Jaymart(เจมาร์ท)

The group to which SGC belongs.

Narathip Virunchataphan(นราธิป วิรุฬห์ชาตะพันธ์)

President of SINGER Thailand Public Company Limited.

Anothai Sritiapetch(อโณทัย ศรีเตียเพ็ชร)

Managing Director of SG Capital Public Company Limited.