Bangkok, February 21, 2012 ? The SEC has instructed Chonburi Concrete Product Plc. (CCP) to rectify its financial statements for the year 2010 and the third quarter of 2011 which ? as the SEC findings, evidence and the company?s explanations showed ? failed to comply with the generally accepted accounting principles. In November 2010, Chonburi Kanyong Co., Ltd., a CCP subsidiary, sold its premises at the Pattaya branch to a third party at 160 million baht (the price appraised by an independent v...
Earlier, the SEC filed a criminal complaint against former directors and executives of NUSA with the Department of Special Investigation (DSI)* for colluding to dishonestly purchase a hotel located abroad at a significantly unreasonable price, selling NUSA condominium units at a price lower than the appraised price, and transferring NUSA funds into personal accounts and those of close associates. As a result, NUSA was required to amend its financial statements to ensure disclosure of accurate in...
According to the earlier disclosure made by CPAXT, the company will invest in The Happitat Project through a joint investment in AGP by holding 95 percent of the total issued shares with the total value of 7,970 million baht. Under this joint investment, AGP will hold shares in Happitat at the Forestias Co., Ltd. (HATF), which develops a mixed-use real estate project under the name “The Happitat.” However, the information disclosed by CPAXT may be incomplete or unclear regarding the joint...
On 4 January 2024, MORE sent an invitation to the Extraordinary General Shareholder Meeting No. 1/2567 to the shareholders with the agenda concerning the consideration for approval of a registered capital increase of 1,076.51 million baht (from the existing 358.84 million baht to reach the new amount of 1,435.35 million baht) by issuing additional 21,530,245,323 shares at the price of 0.05 baht per share, to be allocated to the existing shareholders in proportion to their shareholding (right off...
.” ______________________News and relevant laws: - SEC News No. 227/2023: SEC instructs Zipmex to rectify the fund condition and proceed in the best interest of clients, released on 25 November 2023. - Notification of the
Earlier, the Audit Committee of CMO had informed the SEC of the issues raised by the auditor from the audit of the company’s financial statements as follows: an irregular withdrawal of advance payment, a consulting payment without receiving service reports from the contracted party, and the reasonableness of the investment in purchasing additional shares of subsidiaries at the amount of 65 million baht from a juristic person whose shareholders have a close relationship with CMO directors. Such p...
Earlier, the KWI Audit Committee reported the auditor's observations from auditing the company’s financial statements to the SEC as it was found that several transactions appeared irregular such as disbursements for various expenses without supporting documents, or expenses unrelated to the company's normal business operations, or consulting service fees that the auditor could not validate the accuracy and occurrence of the consulting service. Additionally, there were issues regarding the deposi...
Earlier, the SEC filed a criminal complaint against JKN and the company’s former directors with the Department of Special Investigation (DSI) (as published in SEC News No. 139/2025 on 5 June 2025) for colluding to make false entries and/or keep incomplete, incorrect or inaccurate accounts in JKN’s financial statements for the year 2023, and accounting documents for the first quarter of 2024 to deceive any person, and submitting or disclosing false financial statements for the year 2023 and annua...
The auditor expressed a disclaimer of conclusion on CHARAN’s interim financial statements for the first quarter of 2025 because the auditor was unable to obtain sufficient audit evidence to review the first-time adoption of Thai Financial Reporting Standard 17: Insurance Contracts (TFRS 17) on 1 January 2025. Consequently, the auditor was unable to review the source of input data, the supporting documents for reconciling input data imported into the Company's information technology system...