compromising appropriate investor protection and convenience for business operation.The SEC therefore proposes to amend the regulations related to granting of approval to appraisal companies and lead
Approval of Appraisal Company and Lead Appraiser Contributing [Asset Evaluation] for Capital Market Transaction
. Notification of the Office of the Securities and Exchange Commission No. SorChor. 24/2555 Re: Approval of Appraisal Company and Lead Appraiser Contributing [Asset Evaluation] for Capital Market Transaction
Previously, the SEC ordered Hantex PLC ("HTX") to assess the impairment of assets stated in its financial statements of Q3/2004 (ended September 30, 2004). As a result, if appraisal values are lower
annual registration statement of the fund.In addition, asset management companies and trust managers are required to disclose the latest asset appraisal report and appraisal review report within 30
true str interests of t bidding proc x months aft all invite bus fer a bidding the Company n that the pri ice” approve ny engaged a g of the busin appraisal of d buildings l of land, with ; cated on Bang
land from Mr. Niphon charoenkij Director of KCM at appraisal value of 3.09 MB, which was assessed by SEC listed appraisal company in capital market. This transaction is the Company’s related party
in 2008 by comparing the appraisal value of filled land with the book value of unfilled land, which did not take the filling and compaction costs into account. Such revenue recognition is inconsistent