payment based on the company’s group operating results and a decrease in unbilled construction value as the company’s group gradually collected money from most of the projects that were delivered at the end
Company Limited (a 100-percent subsidiary of IEC) through a contract with Energy System Engineering and Service Co., Ltd. (ESES), deemed under control of Mr. Bhusansa and Mr. Saran, for the construction of
/2019. The reason was higher volume in customers’ order and online sales starting from late 2018. The Group of Companies has other income of THB 2.57 million in Quarter 1/ 2019, from THB 2.11 million in
-month ended June 30, 2017 as follows: Income Statement For the six-month ended June 30 Change Unit: Million Baht 2017 2016 Amount % Revenues from construction services and sales of construction materials
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
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