held in due course.
granted the concession for the MRT Blue Line Project by the Mass Rapid Transit Authority of Thailand (“MRTA”) under the MRT Blue Line Concession Agreement on March 31, 2017, under which the Company has the
Rapid Transit Authority of Thailand (“MRTA”) under the MRT Blue Line Concession Agreement on March 31, 2017, under which the Company has the duties to design, supply, install, test the M&E Equipment, and
and purchases were in line with the normal course of business operation. Concurrently, the SEC instructed the company to amend the annual financial statements for the year 2015 and the interim financial
due course.
required to examine the issue raised by the auditor whether the questionable transactions of land sales and purchases were in line with the normal course of business operation.Concurrently, the SEC
), which is punishable under Section 274. In addition, the responsible management may be liable to punishment as prescribed by law. The SEC shall consider further legal action in due course
course of business. As a matter of fact such revenues were classified as other incomes from acting as agent for selling of goods and rendering services. The revenues were not generated from the actual