sanctions determined by the Civil Sanction Committee, the SEC therefore requested the public prosecutor in writing to file a lawsuit against {A} in the Civil Court, pressing for civil sanctions with the
In the current context of business rehabilitation, there is a more diverse range of guidelines for restructuring debts or funds of Rehabilitation Listed Company. Therefore, to ensure that the regulations for offering for sale of newly issued securities align with the current restructuring frameworks and that the rehabilitaion process is flexible and expedited, with disclosure criteria and appropriate investor protection measures in place according to the investor types, the SEC is proposing to a...
of their assets. The SEC, therefore, filed the petition with the Criminal Court for consideration of the extension of the asset attachment period, involving nine entities, namely: the entities from
The Capital Market Supervisory Board has approved the proposed amendments to the regulations for offering for sale of newly issued securities by Rehabilitation Listed Company to provide an alternative channel for restructuring debts or funds of Rehabilitation Listed Company. The amendments align with the current restructuring frameworks and the rehabilitation process is flexible. After conducting a public hearing and incorporating respondents’ comments and suggestions into the drafting of amendm...
Bangkok, 11 April 2024 – The Securities and Exchange Commission (SEC) would like to inform the public that the public prosecutor has brought action to the Criminal Court* against seven entities who
The SEC, having been informed of the progress of the company’s plan for fund raising with the new investors in which a business rehabilitation petition must be filed with the Court, has instructed
to bring the case against all offenders for the Civil Court to impose the highest civil sanction allowed by law in the form of civil penalty at the total amount of 2,303,065,651.33 million baht.The
According to the information from the Stock Exchange of Thailand (SET) and SEC’s further investigation, it was found that from 25 July to 9 August 2017 (a total of 11 business days) Surin had been continuously trading PICO’s shares in his four securities trading accounts, that is, he submitted trading orders in a manner to drive up the share price by submitting a large number of trading orders. As a result, the price and trading volume of PICO’s shares were not in a normal market conditio...
The SEC Civil Sanction Committee (CSC) had earlier resolved to impose civil sanctions on all four offenders of this case, among which only two agreed to comply with the specified civil sanctions. However, the other two, namely, (1) LLC Fair Expo company and (2) Mr. Mikalai Zahorski, who are subject to a total monetary civil sanction of 6,005,620 baht (a civil penalty and a reimbursement of investigative expenses incurred by the SEC), refused to comply with the specified civil sanctions, which wa...
Bangkok, March 22, 2011? The Southern Bangkok Criminal Court sentenced Kittipat Yaoprukse to eight-year and 18-month imprisonment and a fine of 1,880,000 baht. On February 24, 2003, the SEC filed a