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SMK likely has 60 days to solve woes

Bangkok Post
By Bangkok Post
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Ailing firm unlikely to meet the deadline

PUBLISHED : 19 Dec 2023 at 06:22

People gather at the Central Bankruptcy Court in May 2022 to demand Syn Mun Kong Insurance Plc pay compensation as stipulated in policies, objecting to the company’s financial rehabilitation request. Apichit Jinakul

The Office of the Insurance Commission (OIC) is expected to give Syn Mun Kong Insurance Plc (SMK) 60 days to solve its liquidity problems and raise capital, but the…

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