. __________________________Remark:* SEC News No. 195/2023 headlined: SEC instructs CMO to arrange a special audit on issues raised by the auditor, issued on 24 October 2023. https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID
SPRC disclosed information via the Stock Exchange of Thailand Information System during 21-26 February 2020 regarding the business email compromise that occurred in late 2019, which resulted in the payment of invoices to an incorrect account. The loss in the email compromise affected significantly the company and the overall shareholders.SEC is of the opinion that the supervision and management of information technology systems as well as the security of the information system is an essen...
The SEC’s instruction followed the latest developments within IFEC organization, namely the resolution of IFEC Extraordinary Shareholders’ Meeting No. 1/2561, appointing new directors to fill in the vacancies, the company’s registration of the replacing directors with the registrar at the Department of Business Promotion, the Ministry of Commerce, the registrar’s acceptance of the registration of the six new directors on 8 March 2019, causing the IFEC Board to fully comprise 8 directors,and the...
On 14 ? 15 March 2018, IFEC disclosed via the SET that the company's three directors ? i.e., Mr. Peerathuch Sukapong, Maj. Gen. Chainat Yatshimplee and Mr. Piyapong Wongsuwatana ? had resigned. Later, on 15 March 2018, the Civil Court made a decision to void the resolution of the annual general shareholders? meeting held on 2 May 2017, which has consequently resulted in the cancellation of Mr. Teetiphun Theppadungporn's directorship. Given such circumstances, the SEC views that an immediate arra...
In June 2017, the SEC required EARTH to arrange a special audit on the transactions of the advanced payments for goods and the payment for the right to purchase goods. The EARTH's plan preparer later submitted the special audit report in November 2017, which indicated that EARTH had used the advanced payments, the payment for the right to purchase goods and other assets in exchange for the mining property rights over the two mines in Indonesia, at the total amount of USD731 million.After conside...
Bangkok, February 6, 2013 - The SEC has instructed Thai Unique Coil Center Plc., (TUCC) to review and rectify its financial statements for the second and third quarters of 2012. TUCC is required to submit to the SEC and to publicly disclose the rectified financial statements that are reviewed by the auditor by March 8, 2013.Earlier, the SEC found that the company?s management prevented the auditor to obtain sufficient information and audit evidence necessary for reviewing the financial statement...
With reference to the auditor’s qualified opinion on SAM’s financial statements for Q1 to Q3 of 2024, as submitted by the Company – Q1 and Q2 financial statements on 24 October 2024, and the Q3 financial statements on 18 December 2024 – the auditor stated that they were unable to review the inventory. SAM had explained that the inventory consisted of obsolete and damaged goods that were no longer usable, consequently necessitating sales below cost. However, the auditor was unable to verify this...
On 25 December 2023, the SEC issued a letter to NUSA’s Board of Directors regarding their resolution, passed on 7 December 2023, to sell the company’s six assets for a total amount exceeding 11 billion baht, and to authorize NUSA’s Executive Board to consider the sale conditions for each asset. On 28 December 2023, NUSA informed the SEC that the company had not yet entered into any contracts to sell the aforementioned assets and that any future sale of these assets would be executed in complianc...
This instruction follows CIG’s letter dated 4 September 2025 explaining details from its Board Meeting No. 7/2025, including supporting information on the Board’s resolution to acquire ordinary shares in OW from Mr. Alex Loo Liat Wah. The purchase price was set at 180 baht per share, totaling 435 million baht, representing 24.17 percent of OW’s total issued and paid-up shares. The asset acquisition transaction has a maximum size equal to 49.99 percent based on total consideration value criteria....