{"id":13613,"date":"2026-04-20T20:28:28","date_gmt":"2026-04-20T13:28:28","guid":{"rendered":"https:\/\/wsol.co.th\/?p=13613"},"modified":"2026-04-20T20:28:54","modified_gmt":"2026-04-20T13:28:54","slug":"wsol-business-rehabilitation","status":"publish","type":"post","link":"https:\/\/wsol.co.th\/en\/wsol-business-rehabilitation\/","title":{"rendered":"WSOL Files Petition for Business Rehabilitation Aiming for a Sustainable Solution for All Stakeholders"},"content":{"rendered":"
Over the past year since the new shareholder group assumed management, WSOL has undertaken organizational restructuring. The company has focused on improving the quality of revenue, reducing business redundancies, and scaling down operations with high costs that were unable to effectively generate cash flow or appropriate returns. This has enabled the remaining business units to generate actual profits and cash flow. As a result, the company\u2019s business structure has become more streamlined, with reduced fixed costs, lower liquidity risk, and improved overall operational efficiency. This represents a necessary foundation for addressing the company\u2019s challenges in the long term.<\/span><\/p>\n However, significant factor affecting the resolution of these issues in the short and medium term is financial obligation incurred prior to the new shareholder group\u2019s management. These have led to severe liquidity constraints, limiting the company\u2019s ability to operate appropriately. In addition, ongoing geopolitical uncertainties have further impacted the overall economy and investor confidence, resulting in delays or cancellations of investments and transactions related to asset disposals intended to generate cash flow for the repayment of debt and interest to creditors.<\/span><\/p>\n Despite this, over the past year the new management has restructured the business and reduced expenses, resulting in the group\u2019s EBITDA (earnings before interest, taxes, depreciation, and amortization) returning to a positive level of more than THB 214 million in 2025, compared to a negative EBITDA of THB 237 million in 2024. In order to resolve these challenges, restore WSOL\u2019s financial position, and achieve sustainable growth, the company therefore needs to implement more targeted measures, taking into account the best interests of all parties, including debenture holders, creditors, shareholders, business partners, and employees.<\/span><\/p>\n During the rehabilitation process, WSOL and its affiliated companies, namely PTECH (Plus Tech Innovation Public Company Limited), Prompt Speed, Prompt Solutions, and Love Prompt, will continue to provide services to over 6 million unique users through more than 50,000 service points nationwide on an uninterrupted basis, without being affected by this process.<\/span><\/p>\n Business rehabilitation is a court-supervised restructuring process aimed at protecting the rights of creditors and all stakeholders, while enabling the business to continue its operations. It represents a sustainable solution that benefits all parties involved.<\/span><\/p>\n At the Board of Directors\u2019 Meeting No. 4\/2559 held on 20 April 2026, the Board considered and unanimously approved the company\u2019s resolution to address its financial situation by filing a petition for business rehabilitation with the Court, with the company to act as the plan preparer.<\/span><\/p>\n The company has filed the petition for business rehabilitation with the Court today in accordance with the above approach and has notified the Stock Exchange of Thailand accordingly.<\/span><\/p>\n In this regard, WSOL has appointed EY Corporate Advisory Services Company Limited as its financial advisor and Weerawong, Chinnavat & Partners Ltd. as its legal advisor to support the preparation of a rehabilitation plan in line with the company\u2019s business plan and debt repayment capacity, as well as to ensure fairness to all creditors.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Over the past year since the new shareholder group assumed management, WSOL has undertaken organizational restructuring. The company has focused on improving the quality of revenue, reducing business redundancies, and scaling down operations with high costs that were unable to effectively generate cash flow or appropriate returns. This has enabled the remaining business units to […]<\/p>\n","protected":false},"author":22,"featured_media":13611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","footnotes":""},"categories":[74,42,41],"tags":[],"table_tags":[199,200,155],"class_list":["post-13613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-core-business","category-corporate-news-en","category-news-en","table_tags-business","table_tags-rehabilitation","table_tags-wsol"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2.png",1536,1024,false],"landscape":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-1200x750.png",1200,750,true],"portraits":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-540x320.png",540,320,true],"thumbnail":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-150x150.png",150,150,true],"medium":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-300x200.png",300,200,true],"medium_large":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-768x512.png",750,500,true],"large":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-1024x683.png",750,500,true],"1536x1536":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2.png",1536,1024,false],"2048x2048":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2.png",1536,1024,false],"qubely_landscape":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-1200x750.png",1200,750,true],"qubely_portrait":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-540x320.png",540,320,true],"qubely_thumbnail":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-140x100.png",140,100,true],"post-thumbnail":["https:\/\/wsol.co.th\/wp-content\/uploads\/2026\/04\/01-2-360x189.png",360,189,true]},"qubely_author":{"display_name":"wilaiporn","author_link":"https:\/\/wsol.co.th\/en\/author\/wilaiporn_yui\/"},"qubely_comment":0,"qubely_category":"Core Business<\/a> Corporate News<\/a> News<\/a>","qubely_excerpt":"Over the past year since the new shareholder group assumed management, WSOL has undertaken organizational restructuring. The company has focused on improving the quality of revenue, reducing business redundancies, and scaling down operations with high costs that were unable to effectively generate cash flow or appropriate returns. This has enabled the remaining business units to…","yoast_head":"\n