It assured holders of SMK non-Covid policies that it would continue to honour their contracts.
SMK said it was seeking sources of funds from investors to pay compensation and/or turn debt into equity and/or amortisation.
However, the ability to pay compensation depended on the company’s future performance, it added.
SMK said its performance in non-Covid performance in the first quarter remained strong with a profit of 292.42 million baht, while it retained the support of Covid-19 insurance creditors, investors, and the OIC.
