SABOO Debt Timeline

Company Debt since the LOI

SABOO (Thailand) Co., Ltd. → Kaona / K. Pat · 16 October 2026

Why debt rose after the LOI of 4 August 2025, and where every baht of it sits today.

Timeline

  1. 4 Aug 2025
    LOI signedOne factory. Apart from the factory loan, other debt was THB 18m, which set the THB 18m cap. That THB 18m did not disappear; it is in Factory 1.
    THB 18m
  2. Aug 2025
    Owner funds the renovationThe Company had no cash for the factory renovation. The owner put in personal funds, to be repaid from the investment proceeds.
    + THB 8m
  3. Aug – Dec 2025
    Renovation costs THB 22m in totalThe THB 8m was only the start. Year-end accounts show THB 22m in total; the extra was borrowed from two banks.
    + THB 14m
  4. 2025 – 2026
    Investment plan items bought in advanceThe investment was delayed, so machinery and packaging from Kaona's investment plan were bought with bank loans instead of waiting.
    + THB amount TBC
  5. [date]
    Second factory purchasedBought to expand production capacity. Kaona was informed at the time.
    + THB 18m

How the debt grew

Debt in THB million, including the second factory. Later additions are shown dashed until amounts are confirmed.

0 20 40 60 LOI cap 18 ? 18 26 40 58 4 Aug 2025LOI Aug 2025owner +8 Dec 20252 banks +14 [date]Factory 2 +18 2026machinery,packaging (TBC)

Debt added vs assets acquired

Same scale on both rows. Known amounts are solid; dashed blocks are to be confirmed.

Debt added
Owner 8m
2 banks 14m
Factory 2 loan 18m
Machinery, packaging · TBC
Assets acquired
Factory 1 renovation 22m
Factory 2 · 18m
Machines, stock · TBC
Owner's funds Bank loans Assets in the Company Amount to be confirmed

The original THB 18m sits in Factory 1. The second factory added THB 18m of debt and THB 18m of assets. The rest bought items Kaona's investment was meant to fund. Debt went up, and assets went up by the same amount. Machinery is in the factory and packaging is in the warehouse, with receipts for every item. The Company's net value has not decreased.