Showing 1 - 10 of 25
SET gives Pace delisting deadline
Business, Nuntawun Polkuamdee, Published on 03/08/2023
» The Stock Exchange of Thailand (SET) has notified Pace Development Corporation (PACE) to urgently eliminate the grounds for delisting by Sept 1 after its financial conditions and operational performance failed to meet the bourse's requirements for a third year.
Court accepts Pace's petition
Business, Pathom Sangwongwanich, Published on 06/05/2020
» SET-listed Pace Development (PACE) and a wholly owned subsidiary have filed a business rehabilitation plan to continue development of a real estate project and transfer of ownership to customers.
SET revives to end another rocky week in Asia
Business, Published on 04/04/2020
» Recap: There was a mixed picture for Asian stock markets as Thailand's benchmark index closed marginally higher and posted its best weekly percentage gain since October 2015, but Hong Kong's Hang Seng slipped to end lower than the previous week. Risk-averse sentiment prevailed against the backdrop of the continued Covid-19 outbreak, with infections surpassing one million globally.
Dean & DeLuca: Bankruptcy exclusive to US operations
Business, Kanana Katharangsiporn, Published on 02/04/2020
» American gourmet grocer Dean & DeLuca's operations in Thailand and Asia will be unaffected by the US operation's bankruptcy filing because the local unit has separate accounting, says SET-listed Pace Development Corporation, the company's Bangkok-based owner.
Debentures encounter rollover woes, delayed repayment
Business, Nuntawun Polkuamdee, Published on 05/02/2020
» Less than a quarter of debentures with maturity periods due this year are corporate bonds issued by companies experiencing a slowdown, signalling the possibility of rollover difficulty and repayment postponement.
Less than stellar run for SET
Business, Nuntawun Polkuamdee, Published on 09/01/2020
» The Thai stock market eked out a gain in 2019, up 1.02%, as a slew of negative concerns such as the US-China trade spat, Brexit uncertainty and the stuttering local economy dampened sentiment.
Earnings worries push SET to nine-month low
Business, Published on 26/10/2019
» RECAP: Geopolitical tensions, weak economic data and mixed earnings weighed down global stocks and crude oil prices on Friday, with the SET bourse closing at a nine-month low below 1,600 points.
Pace's debt default may hurt sector
Business, Published on 22/10/2019
» A debt default by Pace Development Corporation will likely dampen other property developers' ability to issue new debentures, warns a property industry source who requested anonymity.
Thai firm behind Dean & DeLuca defaults on B2.6bn of debt
Bloomberg News, Published on 21/10/2019
» Thailand’s Pace Development Corp, owner of gourmet grocer Dean & DeLuca, said it’s in default on 2.6 billion baht of debt owed to one of the nation’s top banks.
Dean & DeLuca won't pay laid-off US staff
Published on 03/08/2019
» Dean & DeLuca, the debt-ridden Thai-owned chain of luxury food shops, has defaulted on government-mandated payments to former employees and stalled payments to current employees in the United States, according to accounts from employees and documents received by The New York Times.