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Bangkok Post
Bangkok Post
Business

Covid-hit SMK goes to bankruptcy court

SMK Insurance SET Covid-19 OIC
Policyholders of Covid-19 insurance who did not receive compensation from insurance firms gathered at the OIC to file complaints on March 15. (Photo: Nutthawat Wicheanbut)

SET-listed Syn Mun Kong Insurance (SMK) filed a rehabilitation petition with the Central Bankruptcy Court on Tuesday after facing heavy losses from Covid-19 claims.

In a statement the company said it was focusing on reorganising its financial structure to solve its debt problems, including converting debt to equity.

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