GRAND Calls Bondholder Vote on Payment Relief Aug 13
GRAND Asset Hotel and Property is holding a bondholder vote on August 13 to approve payment relief including waiving defaults on principal and interest after an initial meeting failed to reach quorum.
GRAND Asset Hotel and Property Public Company is holding a rescheduled bondholder meeting on August 13, 2026, via electronic meeting to vote on waiving payment defaults on principal and interest, exempting bond representatives from default-related actions, canceling accelerated repayment demands on select series, and modifying principal and interest repayment conditions. An initial meeting on August 5 failed to achieve quorum. The Securities and Exchange Commission has instructed the bondholder representative to provide clear analysis of the pros, cons, benefits, and impacts of approval or rejection, including their recommendation. The SEC urges all bondholders to carefully review the information, exercise their rights to protect their interests, and ask the bondholder representative questions to ensure they have complete data before voting at the meeting.
