Bangkok, 1 August 2017 ? The SEC requires that Polaris Capital Public Company Limited (POLAR) immediately submit the special audit report which has passed due on 24 July 2017. Previously, the SEC instructed POLAR to conduct a special audit on the sources, existence and completeness of the accounting records and the disclosure in the financial statements of the liabilities whose material information differed from what had appeared in the application for business rehabilitation. POLAR missed the s...
asset allocation more efficiently. This would support the development of investment types or strategies that are more versatile in response to investor demands while maintaining preventive measures on
information and delayed disclosure of the said information as long as possible. On the contrary, the previous research found that, for financial statement disclosure, the companies usually rushed into
delayed repayment of overdue debts to financial institutions, causing the company to be under debenture default condition. The amount of debts expected to be overdue by the end of June 2017 is approximately
delayed disclosure in other cases, it was apparent that POLAR had an intention to conceal material facts from the public; when the company filed a petition for business rehabilitation on 9 May 2017, it
depository receipts (DRs); and (3) Revising the definition of special debt to include other outstanding debts such as debts resulting from delayed payments for securities sale to customers as a result of an