Showing 1 - 10 of 11
Court to declare former Stark executive bankrupt
Nuntawun Polkuamdee, Published on 30/10/2025
» The Central Bankruptcy Court is set to issue a ruling declaring Vonnarat Tangkaravakoon, former executive and major shareholder of scandal-plagued Stark Corporation (STARK), bankrupt, with orders to distribute assets to 3,417 creditors whose combined claims total 131.4 billion baht.
JKN founder, sister resign after SEC files charges
Business, Nuntawun Polkuamdee, Published on 07/06/2025
» Jakkaphong Jakrajutatip, chief executive of JKN Global Group, and her sister, Pimuma Jakrajutatip, have resigned from all executive and other positions at the SET-listed content and media buying company after the Securities and Exchange Commission (SEC) filed criminal complaints against the pair.
Italian-Thai Development borrowing to weigh on banking profits
Business, Nuntawun Polkuamdee, Published on 23/03/2024
» The liquidity crunch facing Italian-Thai Development (ITD) may cause banks listed on the Stock Exchange of Thailand to lift debt provisions, while the net profit of four creditor banks may decrease this year if the amount lent to ITD becomes non-performing loans (NPLs), says Bualuang Securities (BLS).
IFEC confident in rehabilitation plan
Business, Nuntawun Polkuamdee, Published on 03/02/2021
» Inter Far East Energy Corporation (IFEC) announced it is ready to raise 500 million-1 billion baht and seek new partners to support further investment in alternative energy projects, as it is confident its proposed rehabilitation plan will win approval from the Central Bankruptcy Court by mid-February.
GL aims for 20% portfolio growth
Business, Nuntawun Polkuamdee, Published on 03/03/2020
» SET-listed Group Lease (GL) expects its loan growth portfolio to grow by 20% this year after overcoming legal issues in Singapore and Thailand, helping to unlock business operations in domestic and overseas markets.
Profit-making GL looks to turn the page
Business, Nuntawun Polkuamdee, Published on 02/03/2019
» SET-listed Group Lease Plc (GL) predicts a rise in this year's net profit because no extra expenses will be incurred, while insisting that the company's cash on hand is sufficient to repay its creditor later this year.
Energy Earth creditors turn to Amlo
Business, Nuntawun Polkuamdee, Published on 07/12/2018
» Some 40 bond creditors of SET-listed Energy Earth Plc (EARTH) met on Thursday with Anti-Money Laundering Office (Amlo) officials to submit a letter requesting an examination into money transactions and asset transfers conducted by the company's executives and management.
IFEC seeks endgame with Wichai
Business, Nuntawun Polkuamdee, Published on 03/11/2018
» The board of directors of embattled Inter Far East Energy Corporation Plc (IFEC) has sent letters to IFEC's six subsidiaries, aiming to set up a shareholder meeting within 30 days to make changes in the executive structure and authorised signatories.
IFEC investors decry creditor rehab filing
Business, Nuntawun Polkuamdee, Published on 29/08/2018
» The Stock Exchange of Thailand (SET) has demanded that Inter Far East Energy Corporation Plc (IFEC) explain why a creditor filed a business rehabilitation petition with the Central Bankruptcy Court.
Group Lease downshifting in Cambodia, Indonesia
Business, Nuntawun Polkuamdee, Published on 16/08/2018
» SET-listed Group Lease Plc (GL) will shift its focus to Thailand and Myanmar as Cambodian and Indonesian operations are downsized because of unresolved conflicts with J Trust Asia Pte Ltd (JTA), GL's former partner and major creditor for more than two years.