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BUSINESS

SEC reveals framework for ICO portals and tokens

Business, Pathom Sangwongwanich, Published on 05/07/2018

» The Securities and Exchange Commission (SEC) has released a regulatory framework for issuing and selling digital tokens through initial coin offerings (ICOs) along with announcing the ICO portal process, effective from July 16.

BUSINESS

MBK sells 30% stake of ROH

Business, Pathom Sangwongwanich, Published on 04/07/2018

» SET-listed MBK Plc (MBK) has approved the sale of a 29.86% stake in Royal Orchid Hotel Thailand Plc (ROH), owned by MBK's wholly owned subsidiary MBK Hotels and Resorts Co Ltd (MBK-HR), with a net sale value worth 1.14 billion baht.

BUSINESS

GGC probes shortfall in inventory

Business, Pathom Sangwongwanich, Published on 30/06/2018

» Global Green Chemicals Plc (GGC), the SET-listed biochemical arm of PTT Global Chemical Plc (PTTGC), has announced a significant reduction in raw material inventory, hinting at the possibility that a corporate unit could be in collusion with third parties or suppliers.

BUSINESS

SEC asks AWOL IEC directors to explain

Business, Pathom Sangwongwanich, Published on 29/06/2018

» The Securities and Exchange Commission (SEC) has demanded that two directors of International Engineering Plc (IEC) clarify their absence from board meetings to resolve ongoing business problems.

BUSINESS

Regulator raps IFEC boss for thwarting meetings

Business, Pathom Sangwongwanich, Published on 29/06/2018

» The Securities and Exchange Commission (SEC) says it has proof that Suphanan Rittiphairoj, chief executive and director of embattled Inter Far East Energy Corporation Plc (IFEC), has a tendency to obstruct the company's meetings to prevent the selection process of new directors.

BUSINESS

Jasmine appeals order to repay financial creditors B33m

Business, Pathom Sangwongwanich, Published on 23/06/2018

» SET-listed telecom operator Jasmine International Plc (JAS) has appealed the Central Intellectual Property and International Trade Court's decision to pay its financial institution creditors 33 million baht.

BUSINESS

LH's former chairman proposes share purchase

Business, Pathom Sangwongwanich, Published on 22/06/2018

» SET-listed property developer Land and Houses Plc (LH) has received a proposal from former chairman Anant Asavabhokhin for a voluntary partial tender offer of the company's shares, worth around 1.41 billion baht.

BUSINESS

Group Lease says audit still on track

Business, Pathom Sangwongwanich, Published on 20/06/2018

» Embattled Group Lease Plc (GL) has notified the Securities Exchange Commission (SEC) that it is still preparing to submit the requested special audit after appointing a Singaporean auditing firm to complete the task.

BUSINESS

SEC orders IEC directors to convene board

Business, Pathom Sangwongwanich, Published on 14/06/2018

» The Securities and Exchange Commission (SEC) has ordered every director of International Engineering Plc (IEC) to attend a board of directors meeting on Sunday to resolve a possible de-listing from the Thai bourse.

BUSINESS

SEC lays charges against Energy Earth

Business, Pathom Sangwongwanich, Published on 13/06/2018

» Financially beleaguered Energy Earth Plc (EARTH) has been accused by the Securities and Exchange Commission (SEC) of falsifying details related to its actual level of indebtedness in an attempt to conceal information from investors and justify entering a business rehabilitation plan.