SET-listed Syn Mun Kong Insurance (SMK) filed a rehabilitation petition with the Central Bankruptcy Court on Tuesday after facing heavy losses from Covid-19 claims.
In a statement the company said it was focusing on reorganising its financial structure to solve its debt problems, including converting debt to equity.
SMK confirmed the business is still operating and the company will provide coverage for other kinds of insurance under the same conditions.
SMK managing director Reungdej Dusdeesurapoj informed the Stock Exchange of Thailand (SET) on Wednesday the…
