Bangkok, 23 June 2017 ? The SEC has ordered Polaris Capital Public Company Limited (POLAR) to have an auditor conduct a special audit on the sources, existence and completeness of its accounting records and its disclosure of liabilities in the financial statements as previously reported in the application for business rehabilitation. The results of the special audit must be disclosed within 30 days.On 8 May 2017, POLAR submitted the financial statements for the year 2016 to the SEC wherein the a...
Section 58 (3) of the Securities and Exchange Act B.E. 2535 (1992), orders EARTH to arrange a special audit on the advanced payments for goods and purchase deposits by an auditor from any of the Big Four
Bangkok, January 17, 2011 ? The SEC ordered Bliss-Tel Plc. (BLISS) to arrange a special audit by the auditor who has reviewed the company?s third quarterly financial statements of 2010 on the item of 29.9 million baht advance payment for advertising service by cashier cheque. Earlier, the auditor had, in accordance with Section 89/25 of the Securities and Exchange Act B.E. 2535 (1992), informed the company?s audit committee of the doubtful advance payment for advertising service by cashier chequ...
Bangkok, August 8, 2013 ? The SEC ordered Millcon Steel Plc. (MILL) to arrange a special audit by either the auditor who audited the company?s 2012 financial statements or any other auditors on the SEC?s approval list who also work for leading auditing firms (big 4). The special audit will cover the transactions with MILL?s business alliances which may be considered as related parties and shares dilution in Million Miles Co., Ltd., formerly a subsidiary of MILL. In this regard, MILL must submit...
Bangkok, November 9, 2011 ? The SEC ordered Tongkah Harbour Plc. (THL) to arrange a special audit with regard to the company?s internal control, appropriateness of connected transactions and asset management, conducted by an SEC-approved auditor working for one of the big four audit firms. The suspicious grounds for such audit are: (1) the placement of THL assets as collateral for stay of legal execution against related company, (2) high-interest rate loan agreement with related company, (3) oth...
Bangkok, 15 September 2016 ? The SEC has ordered North Heaven Private Equity Asia Company Limited, the tender offeror of DSG International (Thailand) Public Company Limited (DSGT), to disclose more information on the ultimate tender offeror as such information is material to the DSGT shareholders? decision making whether to accept or decline the tender offer.The deadline for the additional disclosure is 19 September 2016.On 5 September 2016, North Heaven filed a voluntary tender offer of DSGT se...
Securities (Thailand) Plc., and revealed non-compliant performance of {C}, for not taping clients' trading orders. Following referral from the Stock Exchange of Thailand indicating that {A} and {B} failed to
Bangkok, 8 June 2017 ? With reference to Energy Earth Public Company Limited (EARTH)'s disclosure of the default on the bills of exchange (B/E) repayment to the Stock Exchange of Thailand (SET) in the evening of 7 June 2017, it has been found that the disclosure lacks sufficient details on the cause and effect of the default on other debts, EARTH's financial condition and operating results. Since such material information could affect the benefits of securities holders, investment decisions and...
Bangkok, 13 December 2016 ? The Criminal Fining Committee has imposed a separate, equal fine, totaling at 5,917,125 baht, on five joint principals in the manipulation of the Yong Thai Public Company Limited (YCI) share, namely (1) Mr. Yangyong Intarasongkraw, (2) Mrs. Woranan Lertkulthum, (3) Mr. Bhanurak Saengaram, (4) Mr. Chanya Leerungruangporn, and (5) Ms. Kornyachath Yodapikul. Their offence was related to the earlier complaint filed with the Department of Special Investigation (DSI) on 14...