Regarding the case of More Return Public Company Limited (MORE) share price and/or volume manipulation during July-November 2022, in which the SEC had continuously endeavored to bring all of the offenders into the enforcement proceedings, criminal complaints were filed with the Economic Crime Suppression Division (ECD) of the Royal Thai Police on 10 February and 27 June 2023, with 18 and 32 offenders, respectively, The DSI has accepted the case as its special case and the SEC has reported the ca...
SEC gives information on posting trading signs on listed securities in accordance with SET regulations to protect investors. SET posts supervisory signs on listed securities to warn investors to make investment decision carefully. For example, Notice Pending (NP) in case of awaiting material information, or Caution (C) in case a listed company has the characteristics as prescribed in the governing regulations.* For example:• Shareholders’ equity falls below 50 percent of the paid-up capital with...
Bangkok, March 21, 2013 ? The SEC informed all securities companies, asset management companies, financial advisors, and derivatives business operators in the capital market on the promulgation of the Anti-Money Laundering Act (No. 4) B.E. 2556 (2013) and the Counter-Terrorism Financing Act B.E. 2556 (2013).The promulgation of the above Acts demonstrates significant progress in meeting international standards on combating money laundering and the financing of terrorism & proliferation as recomme...
On 18 December 2024, the Central Bankruptcy Court issued an order for total receivership of the assets of Mr. Vonnarat Tangkaravakoon. Pursuant to the Bankruptcy Act, B.E. 2483 (1940), the next step is for the creditors to submit a request for debt repayment to the official receiver of the Legal Execution Department within two months from the publication date in the Government Gazette on 11 February 2025. The submission deadline is 11 April 2025**. The SEC is therefore suggesting STARK bondhold...
Bangkok, June 9, 2015 ? The SEC notified Electronics Industry Plc. (EIC) to cooperate with the auditor in auditing and reviewing its 2014 and Q1/2015 financial statements where the auditor expressed qualified opinions due to limitation on scope of audit imposed by the company management. EIC must submit to the SEC and publicly disclose the rectified and audited/reviewed financial statements urgently. The SEC found that the auditor gave qualified opinions on EIC?s 2014 and Q1/2015 financial stat...
Bangkok, September 1, 2014 ? The SEC notified Vintage Engineering Plc. (VTE) to rectify its Q2/2014 financial statements due to auditor?s qualified opinion arising from scope restriction. VTE is then required to file with the SEC and publicly disclose the rectified and reviewed financial statements by October 28, 2014.The SEC found that the auditor gave qualified opinions on VTE?s Q2/2014 financial statements due to auditor?s limitation scope of review by VTE management. As such, the auditor was...
Bangkok, April 8, 2015 ? The SEC notified Thai Industrial & Engineering Service Plc. (TIES) to rectify its 2014 financial statements. TIES has to file with the SEC and publicly disclose its rectified 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 contracts not prepared in accordance with its accounting policy. Besides, the accounting system a...
Bangkok, December 17, 2014 ? The SEC notified Asset Bright Plc. (ABC) to rectify its Q3/2014 financial statements. ABC has to file with the SEC and publicly disclose the reviewed financial statements by January 16, 2015.ABC ceased its garment business operation and did not utilize its land and building previously used for such business. In this year, ABC sold the assets and transferred revaluation surplus to gain on sale of the assets presented in the income statement. The transfer was, however...
The Securities and Exchange Commission (SEC) organized a seminar to announce the SEC Strategic Plan for the years 2024-2026. Prime Minister and Minister of Finance, Mr. Srettha Thavisin, presided over the opening ceremony and delivered a keynote address on the topic, "Policies and Directions for the Development of the Thai Capital Market." On this occasion, SEC Chairman, Dr. Pichit Akrathit, presented the objectives of the event, followed by the opening speech of SEC Secretary-General, Mrs...
The Securities and Exchange Commission (SEC), in collaboration with nine partner organizations from the public and private sectors, co-organized the "Winner Announcement & Showcase" as part of the Capital Market Datathon project. The objective is to announce the winning teams and showcase their innovative ideas that bring value to the Thai capital market using SEC Open Data. Ms. Pornanong Budsaratragoon, SEC Secretary-General, extended congratulations to the award-winning teams and expres...