i-Tail Corporation Public Company Limited (“i-Tail”) announced that its Extraordinary General Meeting of Shareholders No. 1/2026, held on 24 August 2026, approved a transaction to enhance the management of the company’s excess cash through lending to Thai Union Group Public Company Limited (“Thai Union”) of up to THB 6 billion. 93.7% of shareholders attending the meeting and entitled to vote voted in favor of the transaction, exceeding the threshold of not less than three-fourths under applicable regulations. Thai Union Group, as an interested shareholder, did not participate in the vote.
Roy Chan, Chief Executive Officer of i-Tail PCL, said, “The strong participation and voting results demonstrate overwhelming shareholder support for the transaction and confidence in i-Tail’s excess cash management strategy. We would like to thank all our shareholders for their trust and support as we continue to manage excess cash prudently, optimize capital deployment and create long-term value, while maintaining financial flexibility. We remain committed to conducting our business with transparency, good governance and a clear focus on protecting the long-term interests of all our shareholders.”The transaction is expected to optimize returns from i-Tail’s excess cash while maintaining sufficient liquidity to support normal business operations and future investment opportunities. Under the approved terms, the facility includes safeguards designed to protect the interests of i-Tail and shareholders, including limits on the amount that can be lent, i-Tail’s ability to recall funds, and regular review of the recall option by disinterested directors.
Symbol: ITC