Bangkok, 16 November 2017 ? The SEC has notified Pace Development Corporation Plc. (PACE) to clarify the assumptions used in the fair value measurement of its investment in Pace Project One Co., Ltd. (Pace One) and Pace Project Three Co., Ltd. (Pace Three) and submit to the SEC as well as publicly disclose the information within 14 days.PACE's auditor issued a disclaimer of conclusion on the consolidated statement of comprehensive income for Q2 and Q3/2017 on the basis that the auditor could not...
Bangkok, September 25, 2014 ? The SEC notified Jasmine International Plc. (JAS) to rectify its 2013 and Q2/2014 financial statements and then submit to the SEC as well as publicly disclose the rectified and audited/reviewed financial statements by October 27, 2014.The Supreme Court had reversed the decision of the Central Bankruptcy Court by rejecting the rehabilitation plan and canceling business rehabilitation order issued by the Central Bankruptcy Court. JAS later disclosed in its Q3/2013 not...
Bangkok, May 30, 2012 ? The SEC notified Thai Unique Coil Center Plc. (TUCC) to rectify its 2011 and Q1/2012 financial statements due to auditor?s disclaimer of opinion. Within June 29, 2012, TUCC must submit to the SEC and publicly disclose the rectified financial statements that have already been audited or reviewed by the auditor. This follows the SEC finding that the auditor was unable to express and did not express opinion on such financial statements indicating that the records of allowanc...
Bangkok, May 27, 2014 ? The SEC notified Shun Thai Rubber Gloves Industry Plc. (STHAI) to rectify its 2012 financial statements due to limitation on scope of audit imposed by the company management. STHAI then must submit to the SEC and publicly disclose the rectified and audited financial statements by June 26, 2014.The SEC found that the auditor was unable to express opinion on such financial statements due to limitation on scope of audit imposed by the STHAI management in various matters inc...
Bangkok, June 2, 2014 ? The SEC notified Professional Waste Technology (1999) Plc. (PRO) to rectify its Q1-3/2012 financial statements due to limitation on scope of review imposed by PRO management and adverse conclusion along with 2012 financial statements due to limitation on scope of audit imposed by its management. PRO is required to file with the SEC and publicly disclose the rectified and reviewed/audited financial statements by July 2, 2014.The SEC found that the auditor expressed the ad...
Bangkok, June 6, 2014 ? The SEC notified Vintage Engineering Plc. (VTE) to rectify its 2013 and Q1/2014 financial statements due to limitation on auditors? audit/review scope, respectively. VTE is also required to file with the SEC and publicly disclose the rectified and audited/reviewed financial statements by July 6, 2014.The SEC found that the auditors expressed qualified opinions on VTE?s 2013 and Q1/2014 financial statements respectively due to limitation on their scope of audit/review. Acc...
Bangkok, April 27, 2015 ?The SEC notified AI Energy Plc. (AIE) and its parent company, Asian Insulators Plc. (AI), to cooperate with the auditors in auditing their 2014 financial statements where the auditors were unable to express opinions due to limitation on scope of audit imposed by the companies? managements. AIE and AI must submit to the SEC and publicly disclose the rectified and audited 2014 financial statements by May 27, 2015. AIE was also required to clarify the auditor?s inquiries on...
Bangkok, November 26, 2012 ? The SEC notified Picnic Corporation PLC (PICNI) to rectify its 2010 financial statements and cooperate with the auditor in auditing its 2010 and 2011 financial statements. PICNI must submit to the SEC and publicly disclose the rectified and audited financial statements within December 26, 2012. Earlier, the SEC found that the auditor did not express opinion on such financial statements considering the company?s 2010 financial statements not in compliance with the gen...
Bangkok, October 3, 2014 ? Earlier, Adamas Incorporation Plc. (ADAM) notified the resolution of the Extraordinary General Meeting of Shareholders No. 2/2014 dated September 25, 2014 that shareholders proposed additional agenda on purchasing shares of KITHA Properties Co., Ltd. (KITHA) at the price not exceeding 800 million baht. The agenda was considered and approved at the meeting.As the purchase of KITHA shares is classified as acquisition of significant asset and related party transaction, th...