Bangkok, April 27, 2015 ? The SEC urges shareholders of CyberPlanet Interactive Plc. (CYBER) to exercise voting rights, at the upcoming shareholders? meeting on April 30, 2015, on the company proposal to purchase outstanding and newly issued shares of Andaman Power and Utility Co., Ltd. (APU) totaling 3.4 million shares worth 340 million baht, to obtain concession to sell the power to Myanmar government. The independent financial advisor (IFA) viewed that the proposed transaction is not reasonab...
Bangkok, March 20, 2015 ? The SEC urges shareholders of EMC Plc. (EMC) to study information and exercise voting rights, at the upcoming EMC shareholders? meeting on March 25, 2015. EMC proposed to the shareholders? meeting to enter into related party transaction with Ua Withya Plc (UWC) to purchase shares of Imperial Land Company Limited (IMP) and the claim over outstanding loan and accrued interests. Earlier, EMC announced the proposed acquisition of 100% IMP shares from UWC at the price not ex...
Bangkok, September 22, 2014 ? The SEC advised shareholders of Adamas Incorporation Plc. (ADAM) to thoroughly study the company?s proposal for disposal of assets of its subsidiaries, affiliates and related companies at the upcoming shareholders? meeting on September 25, 2014. Earlier, ADAM announced to seek shareholders? approval on 9.46 million baht disposal of assets of its subsidiaries, affiliates and related companies, namely Adamas World Ltd., Adamas Consumer Ltd., News Multimedia Ltd. and G...
Bangkok, April 22, 2014 ? The SEC advised SUPER shareholders to study the company?s proposal to acquire shares of Pro Solar One Co., Ltd. ("ProOne") through its subsidiary before casting votes at the shareholders? meeting on April 25, 2014.Earlier, Superblock Plc. ("SUPER") has proposed an acquisition plan for its shareholders? consideration where its subsidiary - Super Energy Group Co., Ltd. ("ENERGY") will acquire 100% of shares in Pro Solar One Co.,Ltd ("ProOne"), a solar power plant operator...
the SEC, in materiality. The said actions were also failure to perform the duties as professionals with prudence, due care, knowledge, capability and experience and considered as prohibited
as a listed-company director with responsibility, prudence, honesty and integrity. As a result, the Civil Penalty Consideration Committee ordered Mr. A to pay a civil fine and compensate the SEC for
financial advisor to provide investors, in advance, with complete information and thus enable their prudence decision-making. The SEC therefore notified ADAM board of directors to provide clarification on the
closely coordinating with the DBD, the SEC has considered legal issues under the Securities and Exchange Act (SEA) thoroughly to ensure prudence and fairness for all parties. The DBD recently informed the