Showing 1 - 10 of 61
Ailing EA lands cluster of three-year loans worth B8bn
Business, Nareerat Wiriyapong, Published on 10/08/2024
» Thirteen financial institutions and funds have agreed to provide three-year loans worth 8 billion baht to Energy Absolute Plc (EA) to ease the short-term liquidity crunch faced by the embattled renewable energy firm.
Energy Absolute reschedules bills of exchange payment
Business, Nareerat Wiriyapong, Published on 24/07/2024
» Ailing Energy Absolute (EA), which has been under investigation over alleged fraud involving former executives, has rescheduled payment of two of its tranches of short-term bills of exchange (B/E) due to tight liquidity.
Scandal stalks stocks
Published on 22/07/2024
» The Stock Exchange of Thailand (SET) was recently hit by an accounting and embezzlement scandal at Stark Corporation, which is estimated to have cost at least 14.7 billion baht in damages to shareholders and stock investors.
China shares lead regional decline as risk rises
Business, Published on 20/07/2024
» RECAP: Asian equities and currencies declined on Friday as economic and geopolitical risks trumped market optimism surrounding US interest-rate cuts. Mainland Chinese stocks in Hong Kong led the region's losses as the Communist Party's third plenum failed to convince investors about economic growth impetus.
Bid to revive confidence after EA fraud claim
Business, Wichit Chantanusornsiri, Published on 17/07/2024
» Following the alleged fraud committed by the former chief executive and chief financial executive of SET-listed Energy Absolute (EA), the Finance Ministry has vowed to take decisive action to rebuild confidence in the Thai capital market.
Ailing EA seeks strategic partner
Business, Published on 16/07/2024
» Embattled Energy Absolute (EA) is seeking a strategic partner to help it with debts of 19.5 billion baht due this year, after a credit downgrading caused the SET-listed renewable energy company difficulty in mobilising fresh funds via bond issuance.
Energy Absolute stock dives as CEO quits, rating is cut on probe
Published on 16/07/2024
» Energy Absolute Plc (EA) shares plunged by the 30% daily limit on Tuesday after the founder and chief executive quit over a fraud probe and its credit rating was slashed to junk, even as the renewables company said it is seeking outside support for its business.
Energy Absolute launches probe into fraud claims
Business, Nareerat Wiriyapong, Published on 16/07/2024
» SET-listed Energy Absolute (EA) has set up a committee to look into the alleged fraud committed by its former chief executive and chief financial executive, yet the renewable energy producer insisted it would go ahead with a 5.5-billion-baht bond issuance, despite the recent negative developments pertaining to the company's credibility.
Energy Absolute restructures management amid fraud allegation
Online Reporters, Published on 15/07/2024
» The board of listed renewables firm Energy Absolute has elevated chairman Somchainuk Engtrakul to the positions of director and acting chief executive after the stock exchange regulator accused the former CEO of fraud.
Energy Absolute CEO accused of fraud
Published on 13/07/2024
» The Securities and Exchange Commission has accused the two top executives of the renewable energy firm Energy Absolute (EA) of procurement fraud that earned the perpetrators 3.5 billion baht.