ASCON Construction Public Company Limited ASCON Public Company Limited (ASCON) failed to prepare and submit the financial statements for the six-month period ended June 30, 2014 to the SEC and the
measures to release the economic impact. Having considered the above-mentioned circumstances, the Bank of Thailand lowered the Thai economy growth outlook in 2020, from an increase of 1.5-2.5% to a decrease
and audited financial statements by May 8, 2015.The SEC found that the auditor gave a qualified opinion on TIES?s 2014 financial statements in relation to the construction cost reports for construction
directed TIES to rectify its 2014 financial statements due to the auditor?s qualified opinion in relation to the construction cost reports for construction contracts not prepared in accordance with its
Mr. Somchai Phothi was a director. The 15.09-million-baht contract was for the construction of a wastewater treatment system and a water purifier system of an IEC project in Rayong province. Mr
construction of a wastewater treatment system and a water purifier system of an IEC project in Rayong province. Mr. Bhusana and Mr. Maruphong had signed in acceptance of the complete construction and approved
misappropriating money of IEC through the transactions related to the outsourcing contract with Bann Tongkum Co., Ltd where Mr. Somchai Phothi was a director. The 15.09-million-baht contract was for the construction
Shia Co. for supervising the construction. Later, it was found that there was no actual construction under the contract; however, the construction cost was paid with a total amount of 27.5 million baht
supervising the construction. Later, it was found that there was no actual construction under the contract; however, the construction cost was paid with a total amount of 27.5 million baht. In addition, ACAP