In DNA's last announcement (30 April), they stated several times that they are "on track to repay all remaining debt with Mega Bank in FY21". The Chairman, Porntat Amatavivadhana, was more specific: "Encouragingly, we are also on track to repay all remaining debt with Mega Bank by this coming 30 June".
Did they have any reasonable basis to make that statement?
The shares have been trading for the past 2 months on the understanding that the loan would be repaid by 30 June.
Ann: Status of Mega Bank Facility, page-2
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