GSC had applied the proceeds from the offer of sale of ordinary shares to the public (IPO) and its revolving capital in a loan to ACAP, its major shareholder (64%) for a short term at the interest rate of 2% per annum as follows: 1. A loan by the disbursement of advance payments in the amount of THB 80 million, whereby GSC has received the principal repayment and will collect payment of interest, and 2. investing in five short-term promissory notes (P/N) of ACAP, for a term of 60 days, or on de...
EIC plans to seek approval of the shareholders at the Extraordinary General Meeting of Shareholders on Tuesday, 9 July 2019, for Food Holding Co., Ltd., its subsidiary, to acquire 100% of the ordinary shares of Eastern Cuisine, which operates eight Shabu restaurants branded “KAGONOYA”, at the price of THB 40.54 per share, amounting to THB 300 million, whereby one of the sellers of the shares to Food Holding Co., Ltd. is a spouse of a director and an executive of EIC.The independent finan...
GSTEL will propose to the shareholders’ meeting on 29 May 2019 to ratify the entering into a financial assistance agreement with Mahachai Steel Center Co., Ltd. and Mr. Nirum Ngamchamnanrith, collectively referred to as the “Mahachai Group”, as the sponsor and lender whereby GSTEL had entered into the agreement on 17 February 2014. According to the opinion of the independent financial advisor (IFA), the shareholders should not ratify this transaction because the agreement contains a co...
dishonesty, deceit or embezzlement and wrongful use of client?s assets. Following the complaint lodged by clients of Siam City Securities Co., Ltd., and the company?s report on investigation spurred from
conflicts and prevent potential labor disputes that could arise from unfair termination of employment. Moreover, Kitti’s continuous contributions have significantly spurred the company’s growth. In addition
trading orders.In case of {A}, the SEC received the report from Asia Plus Securities Plc. on investigation spurred from clients? complaint about {A}'s conducts. It was found that {A} had sent trading orders
such as EDS and Cloud. Additionally, rising demand for connectivity has spurred investment from hyperscale cloud service providers, supported by government initiatives to position Thailand as a digital
stimulated the share's movements, and arranging low-price matching for the trading activities within their own group. Such transactions misled other investors into believing that TAPAC shares were traded
, an investment consultant of a brokerage firm, in manipulating Tapaco Public Company Limited ("TAPAC") share price by executing trading orders of such share in such a manner that stimulated