Nok facing possible delisting from SET

Nok Airlines may delist from the Stock Exchange of Thailand (SET) if the low-cost carrier fails to improve its financial performance and submit its 2022 financial results within a specific time period, according to the Thai bourse. Nok meets the criteria for possible delisting as the company's equity has been negative for two years and the company remains unable to eliminate the cause of possible delisting, the SET said in a statement. The due date for Nok to eliminate the criteria for delisting is Sept 8, 2024, according to the statement. In addition, Nok has failed to submit its financial statements within a specified time period. The company must submit its statements by Oct 2 next year or face delisting, said the bourse. Under SET regulations, listed companies are given three years to clear up the causes for delisting and another two years to clarify the required qualifications in order to resume trading.<br/>