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MDX : Report of debt collection progress on loans and advance to related companies as of Q2/2022
MDX : Report of debt collection progress on loans and advance to related companies as of
About this update from Mdx Public Co., Ltd.
No. M06/043/22 August 15, 2022 Subject:Report of debt collection progress on loans and advance to related companies as of Q2/2022 To: The President of the Stock Exchange of Thailand MDX Public Company Limited. ("MDX") would like to report the progress of debt collection from trade receivables and from loans to related companies as of Q2/2022 as follows: Progress of debt collection (unit : million) Parties involved Amount Descriptions Collection procedure Balance (31 Mar 22) (30 Jun 22) NVPSKG Joint Venture ( 10% invested by Gateway Development Co., Ltd) Trade receivable 14.55 MDX was employed by the joint As it is under legal process between the 14.55 venture on Klong Daan Waste government agency and the joint venture, Water Treatment Project under 3 MDX has do nothing yet. employment contracts. Suspended operation of Klong Daan project by the government agency affected all 3 contracts. Gateway Development Co., Ltd. (35.71% subsidiary) Long-term Loans 220.00 In 2001, MDX lent to Gateway MDX filed a petition against Gateway 187.24 Accrued Interest 115.39 Development Co., Ltd. (a wholly Development Co., Ltd to the Bangkok South - owned subsidiary at that time) Civil Court as the undecided case no. Receivable 1140/2561 on 16 May 2018. On March 28, 2019, the Southern Bangkok Civil Court judged that Gateway Development Co., Ltd. disburse the money to MDX Pcl. As Gateway Development Co., Ltd did not pay the judgement debt, the Executing Officer, then, seized the land property of Gateway Development Co., Ltd to sell by auction for further making debt repayment. Parties involved Amount Descriptions Collection procedure Balance (31 Mar 22) (30 Jun 22) The public auction ends in December 2021. It is now under the summarizing process of the executing officer. On June 22,2022 MDX received Baht 287.92 million from the auction to pay for the judgement debt. All accrued interest expenses is paid up while some principal is remaining. MDX Asset Co., Ltd. (9.90% held by GMS Power Co., Ltd.) Long-term Loans 215.58 Two subsidiaries, GMS Power 221.38 (GMS Power Co., Ltd. (52.01%) and Gateway and Gateway Development (35.71%), as being Development Co., creditors under the rehabilitation Ltd. lent to MDX plan of MDX, did transfer partial Asset Co., Ltd.) right to receive payment from MDX to MDX Asset Co., Ltd. MDX Asset, then, issued promissory notes, due November 24, 20...
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