Bangkok, April 24, 2014 ? The SEC urged investors to make prudent investment decision concerning information on fund establishment and forward-looking on profits of listed firms.Chalee
companies should be careful in disseminating news or information related to the companies’ operations because disseminating news or information that is inconsistent with facts or may cause material
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
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
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...
With reference to the recent occurrence, a foreign private digital wallet service provider has solicited investors in Thailand via social media to trade digital assets by linking investor trading activities with another foreign digital asset trading platform and allowing payment for the transactions made in Thai baht through Prompt Pay and Thai QR. Such provision of services may be deemed the undertaking of digital asset business without license, subject to the offenses under the Emergenc...
-collateral NPL portfolio at the purchase price of 40.16 million baht, (2) issue capital shares via private placement (PP) to shareholders and management of such portfolio seller, and (3) accept other