persons hold its shares on EARTH’s behalf. In this regard, the legal advisor viewed that the agreement of proxy shareholding should have been voided because such action was not allowed by Indonesian Law
services.On entering the agreement, Ms. Ruenvadee SUWANMONGKOL, Secretary-General of SEC Thailand, stated that: “The SEC Thailand believes that this Memorandum of Understanding will provide a remarkable basis
to alleviate the risk of frauds.Moreover, it is advisable to be cautious when being solicited to invest in ICOs or to buy any digital token for the time being since there are neither approved ICO
regard, the SEC urges investors to be cautious in making use of news coverage on securities offering or fund establishment and listed companies? profit forecast, if it has not approved by the SEC or not
proposed amendment to repo / reverse repo agreement regulations whereby the eligible asset classes for securities companies to enter into such repo transactions with non-institutional investors would
’ representative appointment agreement. This initiative aims to facilitate and reduce costs associated with appointing a bondholders’ representative for bond issuers according to standardized procedures
The warning came after the SEC had received information from the concerned public and stakeholders who noticed that unlicensed business operators in the securities and digital asset sectors, including foreign digital asset business operators, were soliciting the public to make investments with, or use services of, such unlicensed entities at a financial technology exhibition held at a shopping center on September 27, 2023.The SEC conducted an onsite inspection and gathered evidence in this regar...
SEC Secretary-General Ruenvadee Suwanmongkol said: “Digital asset businesses are regulated under the Emergency Decree on Digital Asset Businesses. Only providers who have obtained relevant licenses under the law are allowed to provide services related to digital asset trading, exchange, depository, transfer, withdrawal or any transactions related to digital assets in Thailand. Violators or those failing to comply with the law may be imposed with legal action.” On 2 July 2021, the SEC fil...
Bangkok, April 18, 2014 ? The SEC urged shareholders of GOLD and UV to carefully study information on valuation of GOLD?s assets in a proposed related party transaction at the upcoming shareholders? meeting on Monday 21 April, 2014.Referring to a proposal to sell 35 parcels of land with 11 buildings of Golden Land Property Development Plc. ("GOLD"), a subsidiary of Univentures Plc. ("UV"), to Sirisap Pattana Company Limited, a related person to GOLD and UV at 980 million baht, boards of director...
Bangkok, 2 October 2017 ? The SEC has ordered Pace Development Corporation Public Company Limited (PACE) to clarify the information regarding the company's joint venture agreement with three