, according to an actuary hired by the company to review the calculation of employee accrued benefits, and the Labor Protection Act (No.7), B.E.2562 (2019) issued in the Government Gazette on April 5, 2019 on
information related to the dilution effect, this could impact the shareholders’ rights and decision making. Therefore, by virtue of Section 58(2) of the Securities and Exchange Act B.E. 2535 (1992), the SEC has
regulations.* For example:• Shareholders’ equity falls below 50 percent of the paid-up capital with discount on share capital deducted;• Filing a rehabilitation petition under the Bankruptcy Act and the Court
Securities and Exchange Act B.E. 2535 (1992) (SEA). The Settlement Committee, therefore, imposed a penalty fine of 80,995,415.67 baht on him.In this regard, the SEC appreciated cooperation and assistance
Somchai, Chaninun, and Thanakorn were deemed as violation of Sections 243(1), (2) and 244 of the Securities and Exchange Act B.E. 2535 (1992). All of them were allowed to enter the settlement procedure. As
rules. Bee was earlier found purchasing EIC shares through the Stock Exchange of Thailand (SET) at a price higher than the tender offer price. His action resulted in a violation of the tender offer rules
documents. The SEC, therefore, considers the tender offeror has not yet submitted the tender offer in accordance with Section 247 of the Securities and Exchange Act B.E. 2535. Earlier, the SEC received